Swell: To ensure support from top trading platforms, it is not expected to hold TGE in September

With the recovery of the crypto market, multiple protocols and projects have accelerated their mainnet launch and token TGE processes, with DeFi and Layer 1 race being the main drivers.

1. Justin Sun has participated in multiple Ethereum re-staking projects, including Swell L2, Ether.Fi, EigenLayer, and Puffer Finance. 2. Justin Sun deposited 120,000 eETH worth $376 million into Swell L2, accounting for 46.6% of Swell L2's total deposits. 3. Justin Sun has purchased a total of 323,799 ETH worth approximately $1.0248 billion through CEX withdrawals and on-chain purchases in 6 months, with an average price of $2,942. 4. Justin Sun's crypto wallet holds a total value of approximately $4.165 billion in crypto assets, ranking first in the personal on-chain crypto asset holdings. 5. Justin Sun's large-scale investment in Ethereum has triggered speculation that market sentiment may shift positively, which may drive Ethereum prices into a recovery phase.

Crypto KOL predicted the price of Celestia TGE to be as low as $2.5 by calculating the circulation volume at the time of Celestia TGE and the price of early investors.