CREAM, the native token of Cream Finance, a DeFi protocol, has taken the crypto market unaware as its price rallied by 65.25% in the last seven days. This surge came at a time when the prices of most cryptocurrencies were either shrinking or consolidating.
With CREAM, users can stake, lend, and borrow assets on the network. However, the token is not the only asset that can be used on the network. Cryptos like COMP, ETH, YFI, some stablecoins, and a few other tokens can interact with Cream Finance.As per the recent price increase, AMBCrypto noticed that Cream Finance did not announce any major developments. However, using IntoTheBlock’s data, we observed that there was an increase in the activity of whales.
Confirmation of this increase appeared in the trading volume. As of this writing, CREAM’s volume has increased by 378.65% in the last 24 hours.
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