Curve Finance (CRV) is looking to make a comeback following the $47M hack, amid sustained whale accumulation and a prevalence of large transactions. Santiment, a notable crypto analytical resource, recently presented a detailed analysis of Curve Finance’s on-chain metrics, showing the project is seeking to recover following the discouraging bearish sentiment. A Shot at Recovery […] The post Curve Finance (CRV) Looks to Recover as Whale Accumulation Surges first appeared on The Crypto Basic.

Curve Finance (CRV) Looks to Recover as Whale Accumulation Surges

Curve Finance (CRV) is looking to make a comeback following the $47M hack, amid sustained whale accumulation and a prevalence of large transactions.

Santiment, a notable crypto analytical resource, recently presented a detailed analysis of Curve Finance’s on-chain metrics, showing the project is seeking to recover following the discouraging bearish sentiment.

A Shot at Recovery

Now that the worst of the Curve Finance ordeal is out of the way, on-chain metrics highlighted by Santiment suggests Curve Finance might be looking to recover.

Perhaps the most fascinating metric observed is the trend in whale accumulation. These large addresses holding 10,000 to 100 million CRV appear to have found some renewed confidence in CRV, with whale accumulation surging rapidly since the start of this month. 

Per data presented by Santiment, these addresses have continued to augment their holdings over the past two weeks. As a result, their cumulative holdings have increased from 33% of CRV’s circulating supply two weeks ago to 41% of the circulating supply.

In addition to whale accumulation, the Curve DAO Token has witnessed a slew of large transactions in recent times. 

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