CELR 24 hours up 112%, price under half a cent, market cap 27 million, with 2.6 million shares traded. The order book is thin and the limit orders are sparse—just a few tens of millions can push it dozens of percentage points. Celer is an old project that does cross-chain messaging; it was on the list in the last cycle too. Today’s kind of pump is simply capital probing the thinnest spot.
Last time I chased one of these old coins that suddenly took off, the next day it opened high and then fell—still hadn’t recovered for half a month. Now when I see it doubling, the first thing to watch is whether the volume can keep up.
Last time I chased one of these old coins that suddenly took off, the next day it opened high and then fell—still hadn’t recovered for half a month. Now when I see it doubling, the first thing to watch is whether the volume can keep up.
