Millions of dollars of purchases made by a cryptocurrency whale from Binance, specifically for Curve DAO, triggered an increase in the CRV price.
The native token of the decentralized finance (DeFi) protocol Curve Finance has entered the radar of whales. On-chain analytics company DeBank According to data received by the whale address “0xDf14”, the cryptocurrency exchange from Binance piece by piece within about 3 days $10.2 million worth 19.56 million CRV he bought. Whale then transferred the CRVs he received to the Curve-based staking platform. To Convex Finance transferred.
This move made by the whale To CRV investors While giving confidence, the price will increase within a few days. $0.442 from levels to $0.552 until about up 22%.
Curve Finance 30 July liquidity pools on from being hacked He has been going through a difficult process ever since. This process has gotten so bad that Curve CEO Michael Egorov its huge position was at risk of liquidation.
However, including this latest staking development, it helped to take CRV off the ropes and move it to higher price bands.
According to CoinGecko data, CRV is at the time of writing. from $0.518 finds buyers.