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Celsius Token Surges 300% in a Month After $2.5B Repayment to Creditors

  • The native token of the Celsius Network, CEL, surged over 300% in a month after repaying $2.53 billion to 251,000 creditors.
  • The token's price increased from $0.16 on Aug. 26 to $0.65 on Sept. 23.
  • About 84% of the assets due to creditors were repaid, with some smaller creditors yet to claim their digital assets.
  • Celsius Network filed for bankruptcy in July 2022 and has already sought over 2.7 million disbursements for qualified creditors.

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