{"id":553154,"date":"2023-09-27T22:30:53","date_gmt":"2023-09-27T22:30:53","guid":{"rendered":"https:\/\/www.wncen.com\/?p=553154"},"modified":"2024-06-11T08:13:20","modified_gmt":"2024-06-11T08:13:20","slug":"curve-crv-up-20-but-whale-may-end-run","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/curve-crv-up-20-but-whale-may-end-run\/","title":{"rendered":"Curve (CRV) Is Up 20%, But This Whale May End The Run"},"content":{"rendered":"

Curve has observed gains of more than 20% in the past week, but this rally may not continue for long, as a whale has made a large move to exchanges.<\/p>\n

Curve Has Enjoyed A Sharp Rally Over The Past Week<\/h2>\n

CRV has gone against the grain recently as it has registered some sharp bullish momentum during a period where the largest coins in the sector, like Bitcoin<\/a> and Ethereum, have struggled.<\/p>\n

Following this latest uptrend, the Curve DAO token’s price has risen above the $0.52 mark. Here is a chart that shows how the cryptocurrency has performed over the past month:<\/p>\n

\"Curve<\/p>\n

Looks like the value of the coin has significantly gone up in recent days | Source: CRVUSD on TradingView<\/a><\/pre>\n

In the past week, CRV is up more than 20%, which makes it the best-performing coin among the top 100 cryptocurrencies by market cap. The outperformance is by quite a distance, too, as many of the assets are in the red for the period. Now, the main question on the minds of the Curve DAO token holders is: can the asset keep up its rally?<\/p>\n

In the sharp surge a few days back, the asset had briefly managed to breach the $0.56 level, but the asset had quickly returned to the current level.<\/p>\n

Related Reading: Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data<\/a><\/div>\n

Since then, CRV has been moving sideways, suggesting a slowdown in the buying pressure. While the asset has continued to hold at the current levels positive, some investors may be becoming restless, like a certain whale.<\/p>\n

CRV Whale Has Made A Sizeable Deposit To Binance Today<\/h2>\n

According to data from the cryptocurrency transaction tracker service Whale Alert<\/a>, a large CRV transfer has been spotted on the Ethereum blockchain during the past day.<\/p>\n

The transaction in question involved the movement of about 33.3 million CRVs, worth approximately $17.3 million at the time the transfer took place on the network.<\/p>\n

Given the large size of the move, it’s likely that a whale<\/a> entity is behind it. As for what this humongous holder may have wanted to accomplish with the transfer, the full details may reveal some context.<\/p>\n

\"Curve<\/p>\n

This massive transfer appears to have only needed a fee of $0.56 to go through | Source: Whale Alert<\/a><\/pre>\n

It would seem like the sending address in the case of this transaction was an unknown wallet, meaning that it was unattached to any known centralized platform and was likely the whale’s personal, self-custodial wallet.<\/p>\n

Related Reading: Bitcoin Mega Whales Return To Selling Mode, More Downside Soon?<\/a><\/div>\n

The destination of the move was the Binance<\/a> exchange. As one of the main reasons investors use these platforms is for selling-related purposes, there is a chance that the deposit has been made for dumping.<\/p>\n

If this is truly the whale losing patience and taking profits at the current price level, then the Curve DAO token may observe at least a temporary pullback in the coming days.<\/p>\n

Featured image from Todd Cravens on Unsplash.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Curve has observed gains of more than 20% in the past week, but this rally may not continue for long, as a whale has made a large move to exchanges. Curve Has Enjoyed A Sharp Rally Over The Past Week CRV has gone against the grain recently as it has registered some sharp bullish momentum during a period where the largest coins in the sector, like Bitcoin and Ethereum, have struggled. Following this latest uptrend, the Curve DAO token’s price has risen above the $0.52 mark. Here is a chart that shows how the cryptocurrency has performed over the past month: Looks like the value of the coin has significantly gone up in recent days | Source: CRVUSD on TradingView In the past week, CRV is up more than 20%, which makes it the best-performing coin among the top 100 cryptocurrencies by market cap. The outperformance is by quite a distance, too, as many of the assets are in the red for the period. Now, the main question on the minds of the Curve DAO token holders is: can the asset keep up its rally? In the sharp surge a few days back, the asset had briefly managed to breach the $0.56 level, but the asset had quickly returned to the current level. Related Reading: Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data Since then, CRV has been moving sideways, suggesting a slowdown in the buying pressure. While the asset has continued to hold at the current levels positive, some investors may be becoming restless, like a certain whale. CRV Whale Has Made A Sizeable Deposit To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, a large CRV transfer has been spotted on the Ethereum blockchain during the past day. The transaction in question involved the movement of about 33.3 million CRVs, worth approximately $17.3 million at the time the transfer took place on the network. Given the large size of the move, it’s likely that a whale entity is behind it. As for what this humongous holder may have wanted to accomplish with the transfer, the full details may reveal some context. This massive transfer appears to have only needed a fee of $0.56 to go through | Source: Whale Alert It would seem like the sending address in the case of this transaction was an unknown wallet, meaning that it was unattached to any known centralized platform and was likely the whale’s personal, self-custodial wallet. Related Reading: Bitcoin Mega Whales Return To Selling Mode, More Downside Soon? The destination of the move was the Binance exchange. As one of the main reasons investors use these platforms is for selling-related purposes, there is a chance that the deposit has been made for dumping. If this is truly the whale losing patience and taking profits at the current price level, then the Curve DAO token may observe at least a temporary pullback in the coming days. Featured image from Todd Cravens on Unsplash.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":553171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83432,81093,81092,89494,89495],"class_list":["post-553154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crv","tag-crvusd","tag-curve","tag-curve-rally","tag-curve-whale"],"acf":[],"yoast_head":"\nCurve (CRV) Is Up 20%, But This Whale May End The Run<\/title>\n<meta name=\"description\" content=\"Curve has seen gains of over 20% in the past week, but this rally may not continue for long, as a whale has made a large move to exchanges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/www.wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Curve (CRV) Is Up 20%, But This Whale May End The Run","url":"http:\/\/www.wncen.com\/news\/curve-crv-up-20-but-whale-may-end-run\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/curve-crv-up-20-but-whale-may-end-run\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/09\/todd-cravens-QnBrjY-nFUs-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/09\/todd-cravens-QnBrjY-nFUs-unsplash.jpg?fit=4288%2C2848"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crv","crvusd","curve","curve rally","curve whale"],"dateCreated":"2023-09-27T22:30:53Z","datePublished":"2023-09-27T22:30:53Z","dateModified":"2024-06-11T08:13:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Curve (CRV) Is Up 20%, But This Whale May End The Run\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/curve-crv-up-20-but-whale-may-end-run\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/curve-crv-up-20-but-whale-may-end-run\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/todd-cravens-QnBrjY-nFUs-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/todd-cravens-QnBrjY-nFUs-unsplash.jpg?fit=4288%2C2848\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crv\",\"crvusd\",\"curve\",\"curve rally\",\"curve whale\"],\"dateCreated\":\"2023-09-27T22:30:53Z\",\"datePublished\":\"2023-09-27T22:30:53Z\",\"dateModified\":\"2024-06-11T08:13:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/09\/todd-cravens-QnBrjY-nFUs-unsplash.jpg?fit=4288%2C2848","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/553154"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=553154"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/553154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/553171"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=553154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=553154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=553154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}