Curve (CRV) Is Up 20%, But This Whale May End The Run

Name	Symbol	Market	Market Cap ($)	Algorithm
Curve DAO Token	CRVUSD	Crypto	1,369,611,327	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Curve DAO Token

CRVUSD

Crypto

1,369,611,327

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.010	0.88%	1.14	1.14	1.14

Price Change

Price Change %

Current Price

Bid Price

Offer

0.010

0.88%

1.14

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.22	1.08	1.12	1.13	0.180000 - 1.34

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.22

1.08

1.12

1.13

0.180000 - 1.34

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:20:01	137.79	1.14	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:20:01

137.79

1.14

USD

Price x Volume	Volume	Base Symbol	Related Pairs
15,865,223.32	13,891,620.99	CRV	CRVEUR	CRVGBP	CRVBTC

Price x Volume

Volume

Base Symbol

Related Pairs

15,865,223.32

13,891,620.99

Curve (CRV) Is Up 20%, But This Whale May End The Run

27/09/2023 11:30pm

NEWSBTC

Curve has observed gains of more than 20% in the past week, but this rally may not continue for long, as a whale has made a large move to exchanges. Curve Has Enjoyed A Sharp Rally Over The Past Week CRV has gone against the grain recently as it has registered some sharp bullish momentum during a period where the largest coins in the sector, like Bitcoin and Ethereum, have struggled. Following this latest uptrend, the Curve DAO token’s price has risen above the $0.52 mark. Here is a chart that shows how the cryptocurrency has performed over the past month: Looks like the value of the coin has significantly gone up in recent days | Source: CRVUSD on TradingView In the past week, CRV is up more than 20%, which makes it the best-performing coin among the top 100 cryptocurrencies by market cap. The outperformance is by quite a distance, too, as many of the assets are in the red for the period. Now, the main question on the minds of the Curve DAO token holders is: can the asset keep up its rally? In the sharp surge a few days back, the asset had briefly managed to breach the $0.56 level, but the asset had quickly returned to the current level. Related Reading: Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data Since then, CRV has been moving sideways, suggesting a slowdown in the buying pressure. While the asset has continued to hold at the current levels positive, some investors may be becoming restless, like a certain whale. CRV Whale Has Made A Sizeable Deposit To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, a large CRV transfer has been spotted on the Ethereum blockchain during the past day. The transaction in question involved the movement of about 33.3 million CRVs, worth approximately $17.3 million at the time the transfer took place on the network. Given the large size of the move, it’s likely that a whale entity is behind it. As for what this humongous holder may have wanted to accomplish with the transfer, the full details may reveal some context. This massive transfer appears to have only needed a fee of $0.56 to go through | Source: Whale Alert It would seem like the sending address in the case of this transaction was an unknown wallet, meaning that it was unattached to any known centralized platform and was likely the whale’s personal, self-custodial wallet. Related Reading: Bitcoin Mega Whales Return To Selling Mode, More Downside Soon? The destination of the move was the Binance exchange. As one of the main reasons investors use these platforms is for selling-related purposes, there is a chance that the deposit has been made for dumping. If this is truly the whale losing patience and taking profits at the current price level, then the Curve DAO token may observe at least a temporary pullback in the coming days. Featured image from Todd Cravens on Unsplash.com, chart from TradingView.com

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CRVUSD Curve DAO Token