Bitcoin
Bitcoin (BTC)
$108,418.00 -4.21382
Bitcoin price
Ethereum
Ethereum (ETH)
$3,845.92 -4.51067
Ethereum price
BNB
BNB (BNB)
$1,077.37 -2.02017
BNB price
Solana
Solana (SOL)
$184.18 -4.96647
Solana price
XRP
XRP (XRP)
$2.40 -4.30144
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.00001 -4.58109
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.46622
Pepe price
Bonk
Bonk (BONK)
$0.0000143 -6.07257
Bonk price
dogwifhat
dogwifhat (WIF)
$0.505564 -12.66978
dogwifhat price
Popcat
Popcat (POPCAT)
$0.147761 -6.40656
Popcat price
Bitcoin
Bitcoin (BTC)
$108,418.00 -4.21382
Bitcoin price
Ethereum
Ethereum (ETH)
$3,845.92 -4.51067
Ethereum price
BNB
BNB (BNB)
$1,077.37 -2.02017
BNB price
Solana
Solana (SOL)
$184.18 -4.96647
Solana price
XRP
XRP (XRP)
$2.40 -4.30144
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.00001 -4.58109
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.46622
Pepe price
Bonk
Bonk (BONK)
$0.0000143 -6.07257
Bonk price
dogwifhat
dogwifhat (WIF)
$0.505564 -12.66978
dogwifhat price
Popcat
Popcat (POPCAT)
$0.147761 -6.40656
Popcat price
Bitcoin
Bitcoin (BTC)
$108,418.00 -4.21382
Bitcoin price
Ethereum
Ethereum (ETH)
$3,845.92 -4.51067
Ethereum price
BNB
BNB (BNB)
$1,077.37 -2.02017
BNB price
Solana
Solana (SOL)
$184.18 -4.96647
Solana price
XRP
XRP (XRP)
$2.40 -4.30144
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.00001 -4.58109
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.46622
Pepe price
Bonk
Bonk (BONK)
$0.0000143 -6.07257
Bonk price
dogwifhat
dogwifhat (WIF)
$0.505564 -12.66978
dogwifhat price
Popcat
Popcat (POPCAT)
$0.147761 -6.40656
Popcat price
Bitcoin
Bitcoin (BTC)
$108,418.00 -4.21382
Bitcoin price
Ethereum
Ethereum (ETH)
$3,845.92 -4.51067
Ethereum price
BNB
BNB (BNB)
$1,077.37 -2.02017
BNB price
Solana
Solana (SOL)
$184.18 -4.96647
Solana price
XRP
XRP (XRP)
$2.40 -4.30144
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.00001 -4.58109
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.46622
Pepe price
Bonk
Bonk (BONK)
$0.0000143 -6.07257
Bonk price
dogwifhat
dogwifhat (WIF)
$0.505564 -12.66978
dogwifhat price
Popcat
Popcat (POPCAT)
$0.147761 -6.40656
Popcat price

Decentralized exchange Curve’s CRV falls as its supply moves to centralized exchanges

News
Decentralized exchange Curve’s CRV falls as its supply moves to centralized exchanges

Most crypto companies scramble to survive through the fallout of FTX’s bankruptcy, but while many expected decentralized finance (DeFi) space to mostly enjoy the increase of its userbase thanks to public trust in centralized crypto falling — but that’s not the case for Curve.

Earlier today Curve saw its CRV token fall by 17% down to a two-year low of $0.40, according to CoinMarketCap data. Still, later the token bounced and by press time is up 22.75% compared to its price 24 hours ago — trading at $0.60. This translates to an intraday volatility of nearly 54% from a low of $0.40 to a high of $0.149.

According to Glassnode data, this market movement coincided with the number of Curve tokens held on centralized exchanges increasing by 70% to hit 148.9 million CRV this month — 46% of this increase being reported within the last 24 hours. This means that the number of tokens available for immediate sale increased sharply which suggests that a major sell-off may be incoming.