Curve Dao Prize is increasing in the middle of new WAL accumulation

• The price of Curve Dao (CRV) rose by more than 10 % and reached a maximum of $ 0.35
• The value of the token has risen by 41% since the current all-time low in the course of the latest CRV liquidation crisis.
• Data show that whales have accumulated aggressively CRV this week.

The price of Curve Dao (CRV) rose by more than 10 % early Wednesday and reached a maximum of $ 0.35

During the value of the curve finance governance token last week and last month, today's winnings CRV drove up 41 % from its all-time low. The token reached this level in the middle of a liquidation crisis in which curve founder Michael Egorov was involved.

The curve price recovers in the middle of the accumulation of whales

The CRV price fell strongly on June 13th and decreased by more than 30 % to an all-time low of $ 0.23 within an hour. The sale was made after the CURVE founder had to liquidate almost $ 100 million of his CRVUSD loan due to his CRV-assured loan of $ 141 million.

on-chain data also show that this week there was a massive collection of CRV through whales.

spot on chain divided in a Post on X On June 19 that six whales have previously accumulated 55.26 million CRV worth around $ 19.4 million.

Lookonchain has also found that whales bought the dip after the CRV liquidation. In the last two days, four Wallets have deducted $ 42.4 million worth $ 14.9 million from Binance, Lookonchain notes .

CRV recovers alongside other old coins

Remarkably, the profits of Curve Dao can be recorded in the course of a wider upward trend in old coins due to the latest consensus messages.

Today Consensys announced that the SEC ended its investigation into Ethereum 2.0. This message killed the ETH price. Altcoins such as Lido Dao, Ethereum Name Service (ENS) and Uniswap also increased.

The upward trend of Curve reflected these wider market profits.

Since the price has increased in the last 24 hours, an mood change that underpins an optimistic forecast could lead to CRV increasing over its level before liquidation. According to the data from Coingecko, CRV was traded over $ 0.41 on June 10th and over $ 0.50 at the end of May.