CandleFocus

CRV Faces a Storm: DWF Labs' Dump Triggers Market Collapse

Author: Content Editor
DWF Labs has sold approximately $4.12 million worth of CRV tokens, resulting in a loss of around 17.5%. This has caused a decline in the price of CRV and selling pressure in the market. DWF Labs had initially acquired the tokens at a price of $0.40 in 2023 but ended up selling them due to a lack of growth. The current price of CRV has declined by 3.27% in the last 24 hours, 7.79% in the last 7 days, and 17.91% in the last 30 days. DWF Labs has offloaded its remaining tokens to Binance. There are speculations that the tokens will be used as collateral, bringing dips in the market. Some community members suggest it is a good time to accumulate holdings. There are bullish and bearish projections for CRV's price, with a prediction range of $0.18 to $0.50 by the end of 2024. DWF Labs is rumored to be planning to buy FLOKI tokens worth $12 million. The price of CRV is influenced by selling pressure and the performance of Bitcoin. The token is expected to recover along with Bitcoin.

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