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.