• CRV volume spiked to over $140 million.
• CRV saw an over 8% price increase to trade above $0.51.

At the end of trading on 24 September, the price of Curve Finance [CRV] experienced a noteworthy surge. What factors might have influenced the price movement of the CRV token?

How much are 1,10,100 CRVs worth today

Curve Finance whales make a splash

On 24 September, as reported by Lookonchain, the Curve Finance community took notice of two significant moves by some whales.

According to data from Etherscan, one of these whales withdrew 5.17 million CRV tokens from the cryptocurrency exchange Binance, which amounted to a value exceeding $2.7 million.

Remarkably, this withdrawal was completed in just approximately 20 minutes. This brought the total withdrawal by this whale to 14.44 million CRV tokens, valued at over $7.5 million.

In addition to this, another whale withdrew 5.78 million CRV tokens, worth more than $3 million, within the past 24 hours. These substantial movements by the whales had a ripple effect within the ecosystem, notably impacting the volume metric.

Curve Finance sees volume spike

According to the volume metric provided by Santiment, there was a significant surge in trading activity for Curve Finance in response to the whale movements. On 24 September, the CRV trading volume surged to over $1

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Author: Adewale Olarinde

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