CEL, the native cryptocurrency of Celsius’s crypto lending platform Celsius was up to 100% at one point on Tuesday.
CEL traded at $0.56 as of the time of writing, an increase of 114% from $0.27 per day.
According to the Financial Times, the lending company had approximately $12 billion in customer assets at May , according the Financial Times. On Sunday, the firm announced that withdrawals from its platform would be halted due to market conditions. This was due to the plummeting price of Ether (ETH), and other cryptocurrencies.
CEL tokens had a value of $0.18 at 8 AM Eastern Time Monday morning. They were $0.78 higher than the previous week, which was June 6.
CEL’s price jumped by more than 100% in trading Tuesday. It reached $2.57 according to FTX data. Since then, the price has fallen from this spike.
