They Ate The Whale Operating In This Altcoin! First Dump, Then Pump!

CRV, which is among the largest liquidity pools of the DeFi ecosystem, is experiencing a volatile day.

of a whale CRV A sharp rise was seen with the reaction while his manipulation to liquidate the collateralized large positions first brought the price down.

lookonchain This account summarized the events as follows:

“Today the whale ponzishorter.eth borrowed a large amount of CRV from Aave and dumped it on the exchanges.

Meanwhile, the CRV price fell from $0.537 to $0.407.

Now I will tell you what happened to the CRV.

This whale deposited 40 million USDC in Aave to borrow CRV on November 13 and started shorting CRV.

In this one week, the CRV price has dropped by about 26%.

5 hours ago the whale suddenly borrowed 20 million CRV ($10 million) from Aave and sent it to Okex for sale.

He did the same again 3 hours ago.

Whale sold a large amount of CRV during this time, leaving many people who used the CRV as collateral facing liquidation.

Even the founder of Curve Finance faced liquidity risk in the position he bought USDC for CRV and had to add 20 million CRV collateral 3 hours ago.

The whale continued to borrow CRV by adding USDC, totaling 92 million CRVs.

It continued to sell CRVs as the price recovered.”

The latest situation in the whale’s wallet is as follows:

The wallet’s healt rate is 0.99. when 1 CRVThe whale that tried to pull the operation in ‘ was liquidated.

After the whale became liquid, the CRV price started to fall.

CRV meanwhile it had risen as high as $0.63 to squeeze the whale.

Update: The position health of the whale appears to have increased to 1.08 again. You can follow the wallet from this link.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!

source site-5