CRV Whales Offload 31.4M Tokens Amid Price Volatility
A large investor in Curve DAO Token (CRV) has unloaded 31.4 million tokens over two weeks after holding them for three years, selling at an average price of $0.35 and realizing a loss of approximately $4.1 million.
The CRV was accumulated from Binance between 2023 and 2024 at an average cost of $0.48 before being transferred to OKX for liquidation.
According to the technical analysis, price action on the four-hour chart shows Curve DAO Token testing its upper Bollinger Bands resistance level at $0.37. Meanwhile, the EMA50 and EMA200 continue to anchor the bullish structure, with an RSI of 67.91 and a MACD holding a golden cross.
A measured pullback towards the 50-EMA support remains the most likely next move before any potential continuation higher.