Curve DAO's on-chain data shows that large-wallet investors leverage the current dip in Curve DAO (CRV) price to accumulate CRV tokens, indicating whales' confidence in CRV's future performance.
Lookonchain and Supply Distribution data shows that whales bought tokens as CRV price fell sharply. On-chain data suggest that CRV’s active addresses are increasing, signaling higher demand ahead for the network. Investors should be cautious about increasing Supply on Exchanges and declining Development Activity.
17 million from June 14 to 18. Meanwhile, wallet holdings of 1 million to 10 million and 100,000 to 1 million CRV tokens surged from 339.85 million to 396.58 million and 111.21 million to 127.07 million, respectively, in the same period. This development shows that the first cohort of whales could have fallen prey to the capitulation event, and after this, they bought CRV tokens again at a discount.
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