Pullix (PLX) is providing solace for investors who are seeking new alternatives amidst the Celsius (CEL) bankruptcy ordeal. In a recent development, the crypto lending protocol reportedly executed a substantial whale transaction, transferring a staggering $1 billion worth of Ethereum (ETH).

Meanwhile, Pullix has been attracting more investors as its ongoing token presale advances through the 7th stage. The project is on path to raise $5M.

Celsius (CEL) Moves $1B in Ethereum (ETH) To Exchanges

Earlier in January, a huge amount of Ethereum (ETH) was sent to multiple centralized exchanges by Celsius, raising hopes that it will begin paying back creditors in liquid cryptocurrency by the middle of February.

On January 26, multiple sizable ether transactions were completed from the Celsius Network wallet to Coinbase Prime and Paxos deposit wallets. According to Lookonchain, 297,454 ETH valued at over $657 million was transferred to Coinbase. At the same time, Paxos received 146,507 ETH, worth almost $324 million from the same source. In summary, Celsius sent cryptocurrency assets totaling more than $981 million.

Currently, Celsius is hanging onto 106,039 ETH valued at $236 million, having remitted 443,961 ETH to Coinbase and Paxos.

According to Spotonchain, shortly after Celsius deposited $ETH to the CEX, 12 new wallets, which accounted for about 97.2% of the total deposited value, had taken out 296,835 $ETH (660M) from Coinbase.

An online community of Celsius creditors on X, Celsius NewCo, predicts that by February, creditors will begin receiving liquid cryptocurrency. They state that the distribution window will run for a whole year.

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