Curve DAO Token

In a surprising turn of events, whales have been dumping the stablecoin USDT in exchange for USDC and DAI, resulting from the imbalance of the exchange liquidity pool Curve 3Pool. According to the crypto analyst Miles Deutscher, the current Curve 3Pool USDT concentration is the <a href="https://twitter.com/milesdeutscher/status/1669234685027975169?s&#61;20" rel="noopener noreferrer nofollow">highest</a> since the collapse of the crypto exchange FTX.As per a tweet shared by the Chinese reporter Collin Wu, the perpetual contract for CRV token’s funding rate has been standing at a rate of -0.0733, reaching a new yearly low.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b285faf82807407a83eee2e4f7a32afc.png" />The reporter added that the grave decline in the funding rate of CRV could be a result of the “bet on the liquidation of the position held by Curve founder michwill (0x7a...5428) by short sellers”. According to his findings, the <a href="https://debank.com/profile/0x7a16ff8270133f063aab6c9977183d9e72835428" rel="noopener noreferrer nofollow">address</a>holds about 50% of the total circulating supply of CRV tokens.In related news, it has been identified that a large number of crypto traders have been busy accumulating USDC and DAI in exchange for USDT. Deutscher <a href="https://twitter.com/milesdeutscher/status/1669234677205569537?s&#61;20" rel="noopener noreferrer nofollow">took</a>to Twitter to invite his followers’ attention to the growing concerns over Tether. He added that “the sudden spike in inflows is very abnormal”.Read full article at <a href="https://cryptotale.org/imbalance-in-curve-3pool-whales-dump-usdt-price-declines/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Imbalance in Curve 3Pool: Whales Dump USDT, Price Declines

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