Accumulate

Coin

<ul class="news-points"> 
 <li>Santiment’s latest insights report shows that whales have been accumulating CRV over the past 2 weeks.</li> 
 <li>The report warned that a CRV dump may take place soon as two whale transactions were made to exchanges.</li> 
 <li>At press time, CRV was trading at $0.6064 after its price dropped 1.07%.</li> 
</ul> 
In their latest insights report, Santiment revealed that wallets holding between 10K to 100 million Curve Finance (CRV) tokens have been in a massive accumulation phase over the past few weeks. According to the report, these wallet addresses have gone from holding 33% of the existing supply just two weeks ago to holding 41% of the total supply at press time. 
Despite the high levels of accumulation by whales, Santiment warned that there may still be some CRV dumping on the cards. According to the report, 5 large transactions, totaling more than $10 million, took place throughout the past week. Notably, two of the transactions were between exchange addresses — indicating that more dumping may occur in the near future. 
The negative sell pressure being exerted on CRV may be coming to an end, however, as Santiment highlighted that the amount of whale transactions have “mostly calm… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crv-whales-take-advantage-of-the-price-drop-to-accumulate/">CRV Whales Take Advantage of the Price Drop to Accumulate</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

CRV Whales Take Advantage of the Price Drop to Accumulate

Coin Edition

Other articles published on Aug 11, 2023

XDC Just Rocketed 12% In a Day – But Crucial Levels Still At Risk of Falling

Sui Price Prediction 2023: Can Another Hike Thrust SUI Above $1?

Micron Technology Stock: Will MU Stock hold the $60 support?

Analyst Eyes Bullish Chainlink Rally as 29k Wallets Amass 295M LINK Worth $2.2B

Monétisation sur X : La plateforme récompense ses utilisateurs les plus actifs

SEC Hires New Attorneys to Challenge Ripple Ruling, How’s XRP Price Reacting?

Join our free newsletter for daily crypto updates!