Celsius token skyrockets 300% a month after paying $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.
Celsius Network’s native token surged by over 300% a month after it initiated a $2.5 billion repayment scheme for more than 250,000 creditors.
A court filing on Aug. 26 showed that the bankrupt digital asset lender had repaid about $2.53 billion to 251,000 creditors. Cointelegraph Markets Pro data showed that the Celsius (CEL) token was trading at $0.16 on that day.
On Sept. 23, the token’s price hit $0.65, marking 300% price appreciation. The token currently hovers at around $0.58.
