{"id":32678,"date":"2024-06-19T11:23:34","date_gmt":"2024-06-19T11:23:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/curve-dao-price-soars-amid-fresh-whale-accumulation\/"},"modified":"2024-06-19T11:23:34","modified_gmt":"2024-06-19T11:23:34","slug":"curve-dao-price-soars-amid-fresh-whale-accumulation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/curve-dao-price-soars-amid-fresh-whale-accumulation\/","title":{"rendered":"Curve DAO price soars amid fresh whale accumulation"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/curve-whales-accumulate-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/curve-whales-accumulate-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/curve-whales-accumulate-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/curve-whales-accumulate-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Curve DAO (CRV) price spiked more than 10% to hit highs of $0.35.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The token\u2019s value is up 41% since hitting current all-time low amid recent CRV liquidation crisis.<\/span><\/li>\n<li>Data shows whales have aggressively accumulated CRV this week.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/curve-dao\/\">Curve DAO (CRV)<\/a> price soared more than 10% early Wednesday to reach highs of $0.35.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the Curve Finance governance token\u2019s value remains in the red over the past week and month, today\u2019s gains have pushed CRV up 41% from its all-time low. The token reached this level amid a liquidation crisis involving Curve founder Michael Egorov.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Curve price rebounds amid whale accumulation<\/span><\/h2>\n<p><span style=\"font-weight: 400\">CRV price fell sharply on June 13, dropping more than 30% in an hour to hit an all-time low of $0.23. The sell-off came after the Curve founder\u2019s $141 million CRV-backed loan resulted in the liquidation of nearly $100 million of his crvUSD loan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, on-chain data also shows a massive accumulation of CRV by whales this week. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Spot On Chain shared in a <\/span><a href=\"https:\/\/x.com\/spotonchain\/status\/1803337953944674537\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> on X on June 19 that six whales have so far accumulated 55.26 million CRV worth approximately $19.4 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The increase in whale activity has come during the dip in CRV price \u201cpost-liquidation crisis,\u201d Spot On Chain pointed out.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Of the six whales, five are first-time accumulators, which reflects the surge in first-time CRV purchases recorded in the past week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lookonchain has also noted that whales have bought the dip following the CRV liquidation. In the past 2 days, four wallets withdrew 42.4 million CRV worth $14.9 million from Binance, Lookonchain <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1803270718941176030\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">noted<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">CRV bounces alongside other altcoins<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Notably, Curve DAO\u2019s gains come amid a broader altcoin uptick on the back of latest Consensys news. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Earlier today, Consensys announced that the SEC has ended its investigation into Ethereum 2.0, news that saw ETH price break higher. Altcoins such as Lido DAO, Ethereum Name Service (ENS) and Uniswap also surged.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Curve\u2019s upside mirrored these broader market gains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With price up in the past 24 hours, a flip in sentiment that cements a bullish outlook could see CRV break above its pre-liquidation level. According to data from CoinGecko, CRV traded above $0.41 on June 10 and above $0.50 in late May.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/curve-dao-price-soars-amid-fresh-whale-accumulation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Curve DAO (CRV) price spiked more than 10% to hit highs of $0.35. The token\u2019s value is up 41% since hitting current all-time low amid recent CRV liquidation crisis. Data shows whales have aggressively accumulated CRV this week. Curve DAO (CRV) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32678"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32678"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32679"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}