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Large CELT Deposits Made in Preparation For Token Sale

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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…

Large CELT Deposits Made in Preparation For Token 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 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:


On February 28, the Web3 knowledge map protocol 0xscope made a tweet revealing large deposits of 517 million CELTs in five external account (EOA) addresses on February 26, the day before the large-scale sale of the CELT token. The peak value of the deposits was $2.6 million on February 27.

The tweet suggests that the deposits were made by the token deployers of CELT in preparation for the upcoming sale. CELT is a relatively new ERC20 token that has been gaining traction in the cryptocurrency world. The token is being used to incentivize contributions to the Celtic coin network, which is an open-source, decentralized, and cryptographic platform for creating and sharing digital assets.

The 0xscope analysis of the OKX deposits sheds light on the token deployers’ strategy for the CELT sale. By depositing a large amount of CELTs into multiple EOA addresses, the token deployers are most likely attempting to ensure that they have enough funds to cover the expected demand for the token during the sale. This strategy is not uncommon in the cryptocurrency world, where token sales can generate millions of dollars in revenue in just a few hours.

The analysis also highlights the importance of transparency in the cryptocurrency world. By providing this information, 0xscope is giving investors and users of the CELT token insight into the token deployers’ behavior and intentions. This transparency can help build trust in the CELT token and the Celtic coin network, which are still relatively new and unknown in the cryptocurrency world.

In conclusion, the large deposits of CELTs made in preparation for the CELT token sale suggest that the token deployers are taking measures to ensure the success of the sale. The transparency provided by the 0xscope analysis is important for building trust in the CELT token and the Celtic coin network. As the cryptocurrency world continues to evolve rapidly, transparency and insight into the behavior of token deployers and investors will become increasingly important for the success of new tokens and projects.

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