In a statement made by cryptocurrency analysis company Santiment, it was determined that an altcoin attracted interest from large wallets called shark wallets, which are smaller than whales but significant in terms of the percentage of the total supply they hold.
According to analysts, Curve DAO Token (CRV) has started to be collected in large amounts by shark wallets holding 1 million to 10 million CRV tokens. In the last 24 hours alone, these wallets increased their available CRV tokens by 9.5%.
The majority of this latest move by shark cryptocurrency wallets are addresses that were relatively dormant in the past and have significantly increased their activity since July.
The CRV token suffered significant damage from the major hacking incident experienced by Curve Finance at the end of July. The founder of the platform had to sell a significant part of his assets in order to avoid liquidation due to the debts he received by using CRV tokens as collateral.
Founder Michael Egorov sold CRV OTC, mostly at $0.40, in deals with many influential names in the cryptocurrency industry. At the time of writing this article, CRV price is trading at $0.44.
With the latest transactions of shark wallets, the amount of dormant CRV tokens transferred has also reached its peak in the recent period.
*This is not investment advice.