revealed that the tokens were not simply withdrawn but were instead transferred to another decentralized finance platform called Convex.
The significance of this move to Convex suggested that the wallet was likely seeking to capitalize on the enhanced rewards offered by the platform. Moreover, it eliminated the possibility of an immediate sell-off of the tokens.experienced a noteworthy surge in its price when examining the daily timeframe chart. The chart displayed a remarkable price increase of over 10%, pushing the value of CRV above $0.49.
This surge of over 10% represented the most significant price increase observed in CRV over the past seven months.However, as of the time of writing, the price had retraced by slightly over 2.5% and was trading at approximately $0.47. Nevertheless, CRV was still exhibiting a strong bullish trend, as evidenced by its Relative Strength Index .revealed a notable increase in trading volume within the last 24 hours. The volume had surged by more than 90% over the past day until press time.