$GRVT Price Surges Amid Short Liquidations and Whale Control
The price of $GRVT has surged in recent hours, with short positions being liquidated and the token holding above its short-term moving average. GRVT is a self-custodial on-chain platform offering yield-bearing savings alongside spot and perpetual trading across crypto, equities, and commodities.
Total liquidations across all traders reached $320.73K over 24 hours, with $128.39K in long liquidations and $192.34K in short liquidations. This short-heavy pattern holds across every shorter window too: $109.52K in shorts versus $19.69K in longs over 12 hours and $22.24K in shorts versus $8.83K in longs over 4 hours.
The top 5 wallets alone hold 92.32% of the supply, and the Gini Distribution Score sits at 0.9957, close to the maximum possible inequality reading. This is a real on-chain-reported structure rather than a price driver on its own, but it's a meaningful piece of context: GRVT's price is currently being set by a very small number of large holders.
The 1H chart shows $GRVT trading at $0.2779, down after pulling back from a recent swing high near $0.3027. The real test is whether $0.3027 gets reclaimed on rising spot volume rather than just derivatives churn.