coinedition.com
The on-chain analysis platform Lookonchain took to Twitter on January 2 to announce some new Curve (CRV) whale activity. According to the post, 4 addresses of the Curve founder claimed about 14 million CRV, which is worth about $7.6 million.
This is not the first time this has happened as the founder often deposits CRV as collateral in AAVE and borrows USDC instead of selling the CRV.
This whale activity could be one of the contributing factors to CRV now being one of the top 10 most purchased tokens among the top 100 ETH whales.
According to the crypto market tracking website CoinMarketCap, CRV is currently trading at $0.5346 after a 2.39% increase in price over the last 24 hours. The crypto was also able to reach a high of $0.5478 and a low of $0.5229 over the same time period. In addition to this, CRV is also still in the green by 0.86% over the last week.
CRV’s successful past 24 hours is reflected in the fact that it strengthened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 1.58% and 0.83% respectively.
Also in the green zone is CRV‘s 24-hour trading volume which is standing at $36,858,327 after a more than 50% increase since yesterday. With its market cap of $283,948,291, CRV is currently the 88th biggest crypto in terms of market capitalization. This places CRV right behind Stacks (STX) which is ranked 87th.