Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?

Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?

Https://cb.run/BSnP Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?Crypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users.

In addition, the firm has filed for bankruptcy protection, so its future looks bleak.

Still, Celsius Network's native utility token CEL has soared in valuation by over 4,100% in the last two months, reaching around $3.93 on Aug.

13 compared to its mid-June bottom of $0.093.

In comparison, top coins Bitcoin (BTC) and Ether (ETH) rallied 40% and 130% in the same period.

CEL/USD daily price chart.

Source: TradingView Takeover rumors behind CEL explosion?

Technically, the price rally...