Curve DAO’s (CRV) saw a notable surge on Wednesday morning, with its price climbing more than 10% to reach $0.35. This marks a substantial 41% rise from its recent low during a liquidation crisis involving its founder. On-chain analytics indicate that large investors, known as whales, have been actively accumulating CRV throughout the week, especially during the price dip that followed the liquidation event. This resurgence in CRV’s value coincides with a broader increase in the altcoin markets, buoyed in part by positive developments surrounding Ethereum 2.0 and the conclusion of the SEC’s investigation into the cryptocurrency.
