While following the CPI data from the USA today in Bitcoin and altcoins, the popular crypto money platform Lookonchain shared the wallets that make purchases.
Accordingly, Lookonchain said that 4 new addresses are buying Curve DAO (CRV).
Pointing out that 4 wallets buying CRVs were newly created, Lookonchain suggested that these wallets may belong to institutional investors.
Lookonchain stated that these wallets have withdrawn a total of 10.2 million CRVs worth $8.12 million from Binance in the last 7 days, adding that all 4 of these wallets are newly created and only hold CRV.
“There may be institutions that buy CRVs.
We noticed that 4 new wallets have withdrawn a total of 10.2 million CRV (worth $ 8.12 million) from the cryptocurrency exchange Binnace in the last 7 days.
These 4 wallets are all newly created and only hold CRV.”
In the rally that took place after the beginning of 2023, there was an increase in the price of CRV along with Bitcoin.
CRV, which went up to $1.30 with an increase of up to 150% after January 2023, when it was at $0.51, is trading at $0.794 at the time of writing.
*Not investment advice.