The rapid surge of 1INCH tokens held in wallets linked to the exchange platform indicates potential price volatility. This comes after the recent downtrend in 1INCH tokens, which analysts suggest could be due to a ‘whale’ selling off a significant portion of their tokens. Such shifts could lead to short-term price volatility but also present potential benefits like liquidity and asset diversity.
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Celsius’s Corporate Saga: Liquidation, Bankruptcy, and Fraud – A Glimpse into Crypto’s Legal Challenges
Facing insolvency, crypto-lender Celsius is liquidating $25 million in altcoins following U.S. court approval. As part of a settlement plan, these assets will be converted into Bitcoin and Ethereum. Amidst controversy, the firm also moved $70 million from one wallet to another, raising questions about their handling of assets and strategic maneuvering.