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Celsius token CEL rises 300% in one week amid a GameStop-like 'short squeeze' event

Published 06/21/2022, 08:31 AM
Updated 06/22/2022, 02:00 AM
Celsius token CEL rises 300% in one week amid a GameStop-like 'short squeeze' event

The price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders.

CEL's price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto market's 12.37% rise in the same period.

CEL/USD daily price chart. Source: TradingView
Internet queries for 'CEL Short Squeeze.' Source: Google (NASDAQ:GOOGL) Trends
CEL/USD weekly price chart. Source: TradingView

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