Celsius DeFi ponzi collapsing
- Thread starter Pekelo
- Start date
It is not just still alive, but the best performing crypto! Maybe I should put all my 401K into it. This is going to suck in the remaining idiots for a final wash.
Celsius isn't really part of DeFi... it just took advantage of the movement and tried to fake its way into the ecosystem.
Now that the tide goes out, we see who has been swimming naked.
Now that the tide goes out, we see who has been swimming naked.
Now its $1.20. I wonder if this is a sign that something positive is going to happen here. There must be a reason why its up 6x.
CEL tokens used to have "value" when you could use it to pay interest on your Celsius loan, but Celsius stopped accepting them since the froze all the withdrawals
CEL tokens are going up because of short squeeze by the hodlers. The CEL tokens have no utility (that I know of), they are not ownership of the Celsius company, so they are more like meme tokens now with very limited supply due to the Celsius treasury owning the biggest portion of the circulating supply
I don't own any CEL tokens...
https://coinmarketcap.com/currencies/celsius/
https://etherscan.io/token/0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d#balances
