Curve DAO Token $CRV Sees Declines Amidst Market Downturn

2024-4-5 02:37

The Curve DAO Token, $CRV, has experienced a decline of 12% and 19% in the past 7 and 30 days, respectively, reflecting the broader downward trend in the cryptocurrency market.

Despite the dip, there are signs of strategic buying activity. On-chain reports suggest that DWF Labs has once again entered the market to acquire $CRV during this period of price weakness.

Michael Egorov, the founder of Curve, recently executed a swap, exchanging 500,000 USDT for 826,764 CRV at an average price of $0.605. 

Interestingly, Egorov received the USDT for the CRV purchase from DWF Labs’ wallet address 0x53c shortly before completing the transaction. This indicates that DWF Labs initiated the repurchase of $CRV tokens.

It seems like DWF Labs bought $CRV again!

DWF Labs (@DWFLabs) 0x53c transferred 500K $USDT to Michael Egorov (@newmichwill, #Curve founder) 0x32D 9 hours ago.

And around 2 hours ago, Michael Egorov swapped all 500K $USDT for 826,764 $CRV at $0.605!

Note that on Aug 1, 2023,… pic.twitter.com/lLanmx81nt

— Spot On Chain (@spotonchain) April 4, 2024

DWF Labs Past Involvement With CRV Tokens

It’s worth noting that DWF Labs previously engaged in a significant transaction with Egorov on August 1, 2023, where they purchased 12.5 million CRV tokens for 5 million USDT at an OTC price of $0.4. 

Currently, DWF Labs still holds these tokens, which are valued at approximately $7.6 million, positioning them as the second-largest holding in their portfolio.

The recent buying activity by DWF Labs amidst the $CRV price decline suggests a strategic move to accumulate assets at lower prices. 

This approach aligns with market dynamics where strategic investors capitalize on market downturns to strengthen their positions in promising projects like Curve DAO.

As market conditions continue to evolve, investors will closely monitor the actions of key players like DWF Labs and Michael Egorov for insights into potential market trends and opportunities within the cryptocurrency space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: artemisdian/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Crowdvilla Ownership (CRV) на Currencies.ru

$ 0.0008136 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0008136 - H: $0.0008136
Капитализация $0 Rank 99999
Доступно / Всего 0 CRV

curve market dao token crv cryptocurrency activity

Источник: nulltx.com

curve market → Результатов: 126


40% Easter Bonus Has Passive Income Crypto Investors Turning To Scorpion Casino Instead Of Curve Finance & The Graph

Generating passive income in the cryptocurrency market has become a significant focus for investors seeking to capitalize on the digital asset space. While established DeFi protocols like Curve Finance (CRV) and The Graph (GRT) have offered established avenues for passive income in prior years, questions remain about their performance in 2024.

2024-3-29 01:59


Фото:

TMS Network’s (TMSN) second stage presale could help hedge against market decline while MATIC, SOL refocus its strategy

The blockchain industry is always buzzing with developments, and today we turn our attention to three notable projects that have been in the spotlight recently. The Polygon (MATIC) team’s decision to streamline operations and refocus their efforts on key areas can be considered a strategic move to stay ahead of the curve. Solana’s (SOL) recent […]

2023-3-16 23:54


Curve DAO Token Price Prediction 2023 – 2025 – 2030 | CRV Price Forecast

In this guide, we will voice our own and market’s opinion on CRV future while discussing Curve DAO Token price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Curve DAO Token Price Prediction 2023 – 2025 – 2030 | CRV Price Forecast appeared first on CaptainAltcoin.

2022-12-29 20:22


Huobi Token, Curve, and Litecoin among the weekly top gainers, but Oryen Network tops the list with 250% Increase during ICO

In the last quarter of 2022 crypto market experienced insane volatility. During this crypto winter period, investors fell short of worthwhile DeFi projects to pump money into it. However, on the 2nd of November, 2022, a new crypto gem called Oryen emerged, now giving early holders the highest return that has been witnessed for a […] The post Huobi Token, Curve, and Litecoin among the weekly top gainers, but Oryen Network tops the list with 250% Increase during ICO appeared first on NullTX.

2022-12-7 06:01


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arkham announces a new perpetuals exchange

Blockchain analytics firm Arkham Intelligence has announced the launch of a new perpetual futures exchange. The Arkham Perpetuals Exchange is set to go live next Wednesday, offering users a platform to trade spot and perpetual futures. The platform will provide…

Bitcoin Surges 11% As Institutional Investments Fuel Price Rally

Last week, Bitcoin’s price surged from $62,800 to $69,000, marking an 11% increase and bringing it within 6% of its all-time high of $73,600. This price movement closely mirrors trends seen in previous Q4 periods of 2012, 2016, and 2024, suggesting a potential seasonal effect driving the recent rally. Six […]

SimpleFX 10th birthday: the decade of online broker

After ten years of constant development, SimpleFX can proudly celebrate this one-of-a-kind anniversary with a unique event. This year, the platform’s users will have a chance to compete in a trading contest with a $100 000 and 5 000 SFX Coins prize pool! The plan to celebrate with the SFX platform users SimpleFX understands that […] The post SimpleFX 10th birthday: the decade of online broker appeared first on CryptoSlate.