Curve CRV Token Under Selling Pressure as Whales Accumulate

Curve DAO''s CRV token dropped 9.43% in 24 hours, bringing its monthly losses to 11.3%. The decline was fueled by decentralized exchange spot traders and futures activity, with $3.32 million worth of CRV transferred to private wallets—a pattern similar to previous whale accumulation phases.

Data from Artemis shows around 300 traders spent $26,000 in fees to exit or short CRV positions. The derivatives market reflects this bearish sentiment, with CRV''s OI-Weighted Funding Rate turning negative as short positions dominate.

Despite the sell-off, long-term investors appear to be providing support, creating a divergence between short-term traders and strategic holders. The market is now watching to see if this accumulation signals a potential reversal or a prolonged downturn.