Celsius
About Celsius
The price of Celsius (CEL) is $0.13839750 today, as of Sep 09 06:09 a.m., with a 24-hour trading volume of $457,245. Over the last 24 hours, the price has increased by 0.87%. Celsius currently has a circulating supply of 35.72M and a market cap of $4.94M.
Celsius (CEL) is the native token of the Celsius Network, a centralized crypto and lending platform. In July 2022, Celsius filed for bankruptcy.
CEL launched in early 2018 after raising $50 million in an initial coin offering (ICO). CEL rose from its ICO price of 30 cents to $8.02 in June 2021. After the market crashed the following year, CEL had fallen to 68 cents by June 2022. CEL fell sharply from $2 in March 2022, when one of the stablecoins it provided high-interest rates on, TerraUSD (UST), crashed.
CEL is on both Ethereum and Solana. It has a maximum supply of 695 million tokens. As of June 2022, Celsius holds 335 million of the 423 million in circulation, or 79%.
The March 2018 initial coin offering (ICO) sold off 10% of the tokens, and a private presale that began at the end of 2017 sold 40% of the initial supply. Celsius kept 27% of the initial supply in its treasury and reserved 23% for the team and its advisers. CEL sold in the private presale funds and reserve for investors was subject to a vesting period of two years.