$CRV has emerged as a focal point for smart traders, currently positioned strategically within the market’s entry zone.
It has garnered significant attention, securing a top-three spot in the “Accumulated by Smart Money” list over the past 24 hours, earning it the coveted “Gem of SDT” label.
Several notable wallet addresses have contributed to this surge in interest. For instance, wallet 0x412b, known for its impressive 61.54% win rate, recently executed a swap of 549.9K $USDT for approximately 1.94M $CRV, valued around $550K. Similarly, wallet 0x006f made strategic moves, swapping 25 $ETH for 301.97K $CRV (worth $83.3K) and exchanging 79.36K $LDO for 547.55K $CRV (worth $151K), showcasing a win rate of 55.56%.
$CRV Is Currently Trading Near The Entry Zone of Smart Traders 🤔
Watch more about $CRV here: https://t.co/SmHBpSsayl$CRV is ranking top 3 in the "Accumulated by Smart Money" list in the past 24 hours with the "Gem of SDT" label attached 😘
Some notable wallet addresses:
-… pic.twitter.com/NiI04keKjO
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 1, 2024
Moreover, Christian2022.eth’s wallet 0xc75b1 made headlines by purchasing 3.75M $CRV over-the-counter from Michael Egorov, founder of CurveDAO, at a price closely aligned with the current market value. This transaction underscores ongoing confidence in $CRV despite recent market fluctuations observed since June 21st.
$CRV Projected To Records A 15% Reduction In Emissions In August
In recent developments, total veCRV surpassed 800 million units on June 29th, driven by a substantial 40 million $CRV locked in the latter half of June. Looking ahead, $CRV is set to experience a 15% reduction in emissions come August, aligning with an annual inflation drop to 6.34%, equating to 376,000 $CRV issued daily across a $2 billion total value locked (TVL).
Total veCRV surpassed 800m on June 29th due to the 40m $CRV locked in the second half of June! 🥳
In August CRV emissions get cut by 15% as annual CRV inflation drops to just 6.34% (376k CRV/day across $2b TVL)
👁️🔒👁️$CVX $crvUSD #DeFi pic.twitter.com/gI67jwYMhV
— DefiMoon 🦇🔊 (@DefiMoon) July 1, 2024
Additionally, the $CRV Liquid Locker reported a successful Sunday with the minting of 800,000 $sdCRV, further enhancing liquidity and market participation in $CRV.
☀️ The $CRV Liquid Locker had a great Sunday, with 800,000 $sdCRV minted today!
How was your day? pic.twitter.com/kgrgWyNzq3
— Stake DAO (@StakeDAOHQ) June 30, 2024
This heightened activity and strategic positioning suggest $CRV remains a pivotal asset in the current market landscape, attracting both institutional and retail interest alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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