Data: 517 million CELTs were deposited by five addresses to OKX on February 26

On February 28, according to the monitoring of 0xScope Protocol, on February 26, the day before the large-scale increase and sell-off of CELT tokens, five EOA addresses deposited 517 million CELTs into the OKX Exchange. These tokens were worth 2.6 million dollars on February 27. The initial funding for these addresses comes from the deployer of the CELT token.

Interpretation of this information:

The message states that on February 26, five EOA addresses deposited 517 million CELTs into OKX Exchange, worth 2.6 million dollars on February 27. This happened the day before a large-scale increase and sell-off of CELT tokens. The initial funding for these addresses is from the deployer of the CELT token.

Upon analysis, it can be interpreted that the deposit of CELT tokens into OKX Exchange by five EOA addresses before a large-scale sell-off indicates insider trading. EOA addresses are externally owned accounts, which means they are controlled by an individual rather than by a smart contract. The fact that the initial funding for these accounts comes from the deployer of the CELT token also raises suspicion.

Furthermore, the deposit of such a large amount of CELT tokens by these addresses allowed for a significant rise in the token price before the sell-off. This sudden increase in token price could have lured in more investors to buy CELT tokens, which would have enabled the insiders to take advantage of the market demand and sell off their tokens at a high price.

In conclusion, it can be said that this message indicates potential insider trading in the CELT token market. The deposit of a large number of tokens by externally owned accounts, along with the fact that the initial funding for these accounts comes from the token deployer, suggests foul play. The sudden increase in token price before the sell-off also supports this interpretation.