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CurveDAO (CRV) Nears All-Time Low Following Whale Deposit to Binance: On-Chain Data Alex Richardson June 30, 2024  CRV, the native token of stablecoin lending platform CurveDAO, is close to all-time lows again as the ecosystem attempts a recovery from a large liquidation event this month. Blockchain tracking firm Lookonchain reports that a whale deposited over $6 million worth of CRV to Binance, presumably to sell at a loss. “The 22 million CRV was bought after the CRV liquidation, with a buying price of ~$0.33. Selling now will result in a loss of ~$1 million.” Source: Lookonchain/X On June 13th, Curve founder Michael Egorov announced that all of his loans, reportedly worth roughly $156 million, were liquidated. He also said that he sold millions of CRV tokens in an organized transaction to one of the partners of crypto asset investment firm NextGen Digital Venture. “The amount of CRV liquidations was very large for the market to handle in half an hour (1/3 of circulating supply or so), so to prevent any bad debt, I sold 30 million of my not yet vested CRV to @Christianeth on June 13th . Those 30 million CRV are being received by him in chunks by mid-August. If you see CRV transactions from my wallet to christian2022.eth, they are related to that deal…” On the same day of Egorov’s liquidation, CRV dropped to an all-time low of $0.239. Currently, CRV is trading at $0.28 and is now 98.3% down from its all-time high of $15.37. #DAO
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Join our exciting REVOX airdrop campaign with Binance Web3 Wallet! Use my invite code ZDK11B to earn REVOX $RGT AIRDROP! Find REVOX campaign on Binance Web3 Wallet. #REVOX #binanceweb3 @ReadOnMe3 https://revox.readon.me/
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#SANDUSDT 1D TIME FRAME 778M MARKETCAP
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Altcoins Bounce Back With BTC Dominance Dropping, Is the Bottom In? Crypto analyst van de Poppe signals of a potential reversal in altcoin prices, as seen in their performance against Bitcoin. BTC dominance has tanked 2% in the last 24 hours. Solana and Chainlink register the strongest bounce with 10% gains each.Bitcoin dominance drop by 2% in 24 hours makes way for strong altcoin recovery.Altcoin prices show strong reversal against Bitcoin indicating that the bottom could be in.After facing the brutal sell-off on Monday, altcoins have bounced back once again putting up fresh optimism among investors. Among the top ten altcoins, Solana (SOL) has gained the most by 10% and is currently trading at $136. With this price pump, Solana has offset all its last week’s losses. Other popular altcoins like Cardano (ADA), dogecoin (DOGE), Toncoin (TON), are up anywhere up between 3-5%. Altcoins Pump As BTC Dominance Drops The Bitcoin price correction pushed the BTC price under $59,000 earlier today before recovering to $61,500 once again. However, with the Bitcoin dominance declining, altcoins have registered strong gains. In the last 24 hours, the Bitcoin dominance has tanked by 2% suggesting a strong liquidity flow happening into altcoins. The “Total 3 Index” including Bitcoin and Ethereum, is holding strong at the support levels showing signs of potential trend reversal. This development has forced investors to question whether the alt season is about to begin. #BTC☀ #dotcoin #Solana_Blockchain
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Bulish xai buy right now 😱🚀🚀🚀 #XAIUSDT #BTC☀ #AiNarratives #snxbulish now 🚀🚀🚀
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