Celsius CEL price spikes 500% in 30 min – retraces to 115% up on day News โธ Celsius โธ FTX โธ Price Watch
Celsius CEL price spikes 500% in 30 min – retraces to 115% up on day
Amid the chaos and rumors of Celsius' liquidity problems, the price of its native token jumped to the highest price since April reaching $2.56 on FTX.
2 min read
Updated: Jun. 21, 2022 at 3:19 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The native token of the Celsius (CEL) exchange just jumped over 500% from $0.33 to $2.56 in a matter of minutes. The token, which had been climbing steadily throughout the day, saw a massive spike in volume and rocketed to the highest price since April 12th.
However, the revival was short-lived as the price dropped back to $0.56 within minutes. At the time of writing, the price is still up 115% on the day, opening at just $0.26.
The surge was not isolated to a single exchange, with BitFinex, FTX, Gate.io, and OKEX all experiencing similar pumps. However, the highest peak was FTX, suggesting a large market buy on the top US exchange.
There has been a wealth of rumors, speculation, and chatter regarding the liquidity of Celsius over the past few days. As the price of Bitcoin (BTC) plummeted earlier in the day, many were watching the Celsius vault on Maker protocol. As Celsius added collateral to the vault to stave off liquidation earlier in the day, this price spike is highly unusual.
The cause of the pump is currently unknown as this is a developing story.
UPDATE 18:43 BST: The strange trading level continues as the CEL price wicks down to $0.09 on BitFinex before stabilizing around $0.55
Amid the unusual trading activity, some users are reporting that they experienced issues trading $CEL on FTX with orders being unexpectedly canceled.
Another day another problem with FTX. Iโve been trying to close my CEL position for the last 5 minutes. Each attempt guves me a โsuccessโ then cancels the order. Now itโs nuking and Iโm trapped. Thanks @SBF_FTX @FTX_Official pic.twitter.com/V16suUDZbj
— Ponzi Trader (@buyerofblood) June 14, 2022
Celsius Market Data
At the time of press 3:19 am UTC on Jun. 21, 2022, Celsius is ranked #135 by market cap and the price is up 119.23% over the past 24 hours. Celsius has a market capitalization of $169.04 million with a 24-hour trading volume of $100.33 million. Learn more about Celsius ›
Crypto Market Summary
At the time of press 3:19 am UTC on Jun. 21, 2022, the total crypto market is valued at at $940.42 billion with a 24-hour volume of $117.86 billion. Bitcoin dominance is currently at 45.02%. Learn more about the crypto market ›
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Author 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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