Uncovering the Movement of CELT Tokens Before the Large-Scale Sale
On February 28, the Web3 knowledge map protocol 0xscope tweeted that through the analysis of CELT\’s OKX deposits, it was found that 517 million CELTs were depo…
On February 28, the Web3 knowledge map protocol 0xscope tweeted that through the analysis of CELT’s OKX deposits, it was found that 517 million CELTs were deposited in five EOA (external account) addresses on February 26 (the day before the large-scale sale) (the peak value on February 27 was $2.6 million). These addresses are funded by CELT token deployers.
Data: 517 million CELTs were deposited by five addresses to OKX on February 26
Interpretation of the news:
The Web3 knowledge map protocol 0xscope has revealed the movement of CELT tokens leading up to a large-scale sale. According to a tweet posted on February 28, 0xscope conducted an analysis of CELT’s OKX deposits and discovered that 517 million CELTs were deposited in five external account (EOA) addresses on February 26, the day before the sale. The addresses were funded by CELT token deployers.
CELT is a new cryptocurrency that aims to foster economic growth in developing countries by providing access to financial services. The large-scale sale referred to in the tweet was likely an opportunity for investors to purchase CELT tokens in bulk. However, it appears that the token deployers may have been responsible for funneling CELT tokens into these EOA addresses, possibly in an effort to manipulate the sale itself.
The movement of CELT tokens into these EOA addresses raises questions about the legitimacy of the upcoming sale. It’s possible that the token deployers were attempting to artificially inflate the perceived demand for CELT tokens by purchasing large amounts of them prior to the sale. If this is the case, then the true value of CELT tokens may be much lower than what was indicated during the sale.
This incident highlights the importance of transparency and integrity in the cryptocurrency space. Investors should be able to trust that the value of a token is based on its actual demand, and not on manipulated market conditions. The fact that 0xscope was able to uncover this movement of CELT tokens through their knowledge map protocol is a positive step towards greater transparency in the industry.
In summary, the tweet from 0xscope sheds light on the potential manipulation of the CELT token sale. By analyzing OKX deposits, 0xscope discovered that 517 million CELTs were deposited in five EOA addresses funded by token deployers. This raises concerns about the legitimacy of the sale and highlights the importance of transparency in the cryptocurrency industry.
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