Celsius (CEL) Price Jumps 145% as Sentiments Improve Amplified Whale Actions $

Celsius (CEL) led the cryptocurrency gainers with massive gains over the past day. The altcoin gained jumped almost 145% to hover around $1.30 during this writing.

CEL 1D Chart on Coinmarketcap

145% increase in degrees Celsius

The altcoin overshadowed the cryptocurrency market as the overall market showed recoveries. Huge trading volumes and increased whale activity increased CEL's bullish momentum.

Celsius saw its trading volume increase 1,300% in the past day to $10.35 million at press time.

The impressive daily performance has surpassed major digital assets such as Bitcoin and Ethereum, with their daily gains of 1.55% and 0.21%, respectively.

Community reacts to the waves of CEL

While the 30-day inflows indicate an upward trajectory for Celsius, the notable 140% increase in one day surprised many.

Some market players call CEL's explosive uptrend a pump-and-dump move. Furthermore, sudden and massive rises in the world of cryptocurrencies are met with relentless declines.

Furthermore, it appears that a single whale is behind CEL's current movements, making the alt prone to immense fluctuations.

$CEL HOW A SINGLE WHALE MANUPALTING CELSIUS PRICE HOW HOPE HE DOES NOT SELL IT OR DUMP IT @CelsiusNetwork pic.twitter.com/xZDHbtFTpH

— CRYPTOGURU (@Cryptogurudubai) May 24, 2024

It remains crucial to check whether degrees Celsius will maintain its current highs.

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