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MainNewsConvex Finan...

Convex Finance’s CVX Token Plunges After Major Sell-Off by Fantom Whale


Jun, 28, 2024
1 min read
by CoinEdition
Convex Finance's CVX Token Plunges After Major Sell-Off by Fantom Whale
  • SpotOnChain reports a whale linked to Fantom Foundation sold 357,000 CVX, causing a 5% price drop.
  • CVX trades at $3.15, down 9.2% from its recent high.
  • Convex Finance’s total value locked (TVL) slipped to $1.24 billion, down 1.59% from the previous day.

Convex Finance’s CVX token plunged 5% early Friday following a massive sell-off by a wallet linked to the Fantom Foundation, according to on-chain data from SpotOnChain.

The transaction, which involved over 357,000 CVX tokens worth $1.15 million, triggered a wave of selling pressure and wiped out recent gains for the cryptocurrency.

Early Friday morning, CVX experienced a price decrease and increased selling pressure following news of the whale transaction. As of press time, the token is trading at $3.15, a 9.2% decline from its recent intraday high of $3.44…

The post Convex Finance’s CVX Token Plunges After Major Sell-Off by Fantom Whale appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Double-Digit Swings Dominate June Crypto Market Performances

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MainNewsConvex Finan...

Convex Finance’s CVX Token Plunges After Major Sell-Off by Fantom Whale


Jun, 28, 2024
1 min read
by CoinEdition
Convex Finance's CVX Token Plunges After Major Sell-Off by Fantom Whale
  • SpotOnChain reports a whale linked to Fantom Foundation sold 357,000 CVX, causing a 5% price drop.
  • CVX trades at $3.15, down 9.2% from its recent high.
  • Convex Finance’s total value locked (TVL) slipped to $1.24 billion, down 1.59% from the previous day.

Convex Finance’s CVX token plunged 5% early Friday following a massive sell-off by a wallet linked to the Fantom Foundation, according to on-chain data from SpotOnChain.

The transaction, which involved over 357,000 CVX tokens worth $1.15 million, triggered a wave of selling pressure and wiped out recent gains for the cryptocurrency.

Early Friday morning, CVX experienced a price decrease and increased selling pressure following news of the whale transaction. As of press time, the token is trading at $3.15, a 9.2% decline from its recent intraday high of $3.44…

The post Convex Finance’s CVX Token Plunges After Major Sell-Off by Fantom Whale appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Floki Warns of Latest False Scam Tokens on Solana, Base Chains

Floki Warns of Latest False Scam Tokens on Solana, Base Chains

In a recent tweet, the official Floki meme coin account issued a scam warning to its ...
Jun, 30, 2024
< 1 min read
by CoinEdition
Double-Digit Swings Dominate June Crypto Market Performances

Double-Digit Swings Dominate June Crypto Market Performances

According to market data, crypto assets struggled throughout June, with only a select...
Jun, 30, 2024
by Bitcoin News