Convex Finance [CVX] investors pull off a Shiba Inu move, here’s how - Aliens: AI Crypto News & Markets Updates
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Convex Finance [CVX] investors pull off a Shiba Inu move, here’s how

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AMB Crypto

Fri, Jul 01, 2022

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Aliens TLDR

Despite declining by 5.8% during the intra-day trading, CVX maintained the 24-hour rally at 13.77%.

But somehow, investors were quick to either anticipate a rally or shield themselves as CVX bottomed within 48 hours before the rise of 30 June.

Furthermore, over 1.4 million CVX tokens worth over $4.2 million were sold by investors.

Furthermore, the total CVX supply that was moved around on 30 June amounted to $16.16 million worth of losses.

Furthermore, this selling may be an outcome of being affected by the bearish market that may have induced some panic among these investors.

Whether the token would follow a similar behavior or not depends on when CVX can rise again since, at present, price indicators point towards a solid downtrend

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