The post Whales Accumulate $CRV Amid Post-Liquidation Dip, Driving Significant Price Recovery appeared on BitcoinEthereumNews.com.

Amid the recent $CRV liquidation crisis, six major investors, known as whales, have seized the opportunity to accumulate a substantial 55.26 million $CRV, equivalent to approximately $19.4 million. Notably, five of these six whales are first-time $CRV buyers, contributing to a noticeable surge in first-time $CRV purchases over the past week. The influx of whale activity has led to a significant price recovery for $CRV, which has surged by around 14% in the past 24 hours, nearly reaching its pre-liquidation price levels. Six whales have accumulated 55.26M $CRV (~$19.4M) during the dip post- $CRV liquidation crisis! • 5 of the 6 whales are first-time accumulators. This is reflected in the surge in first-time purchases of $CRV in the past week. • The $CRV price is up ~14% (24H), almost back to… pic.twitter.com/DbBTipytcF — Spot On Chain (@spotonchain) June 19, 2024 One notable whale, identified as 0xab9, recently withdrew 16.82 million PEOPLE ($1.47 million) and 3 million CRV ($1.06 million) from Binance. This marks the first time this whale has accumulated both PEOPLE and CRV. Currently, PEOPLE and CRV rank second and third in this whale’s $95.4 million portfolio, following ETH. $CRV Token Price Action Following Recent Happenings  Over the past 24 hours, $CRV saw a price increase of 17.58%, while the price of PEOPLE experienced significant fluctuations. Another whale, identified as 0x906, withdrew 7.54 million CRV ($2.31 million) from Binance at an average price of $0.306 per CRV. This transaction marks the whale’s first foray into $CRV trading. Previously, this investor has realized substantial gains, making an estimated profit of $6.13 million (a 512% return) from trading 175,510 INJ between April 13, 2023, and January 9, 20. The strategic movements of these whales highlight a renewed interest and confidence in $CRV, especially following its recent price dip. As these large-scale…

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Filed under: News - @ June 20, 2024 10:12 am