Convex Finance’s CVX Token Price Plunges After Major Sell-Off by Fantom Whale

Quick Summary:

SpotOnChain reports a whale linked to Fantom Foundation sold 357,000 CVX, causing a 5% price drop.CVX trades at $3.15, down 9.2% from its recent high.

Convex Finance’s total value locked (TVL) slipped to $1.24 billion, down 1.59% from the previous day.

Data from DefiLlama indicates that CVX’s TVL for decentralized exchange (DEX) and automated maker-making protocols is currently $1.24 billion, down 1.59% from yesterday’s $1.26 billion.

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Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Investing Latest News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 02:59:40 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 359 words

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Sentences: 25 lines

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Copyright Owner: © BitcoinWorld

News ID: 21419939

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