Remember just yesterday when $ROOK was considering buying up $CRV? They quickly started running the math on what it would look like to buy $CVX instead.
Ad_Infinitum (🎩,🎩) @CryptoMessiahThis is my alternative plan $Rook will kick off the dao narrative. 100m dollars is power. Money talks. Can the community rally behind $Rook becoming a major force in the $Crv wars? https://t.co/C3ZTUk845K https://t.co/2jdjcSqPbZ
Ad_Infinitum (🎩,🎩) @CryptoMessiahSo interesting angle that's being discussed... What if KeeperDAO purchased 30m usd of cvx instead of 30m usd of crv? 30m usd of crv = ~9 crv controlled by 1 rook 30m usd of cvx = ~70 crv controlled by 1 rook The bribe inflow would fill treasury with other gov tokens too... https://t.co/ZS7S2NdSUb
Well, wars can turn hot in a hurry. This particular window may be closing quite swiftly. Pretty shortly thereafter, technical analysts observed a rare “Tetracandle” pattern in the Convex charts.
The sudden pump would cause shockwaves across the ecosystem. If $ROOK is planning to strike, their window of opportunity is closing. After falling off quickly, the price has mostly aligned with the pump.
As it turns out, the chad move had nothing to do with trying to frontrun $ROOK. It’s been a Michael Saylor inspired microstrategy of turbo-buying.
CryptoCondom @crypto_condom@DefiMoon @Tetranode was smart enough to buy 1m $CVX at $3 and now is front running @CryptoMessiah on buying more $CVX at $16 before the #MessiGambit discussion with @_Rookdao. If Messi wants to buy $30m worth of $CVX for $ROOK... they're going to have to pay dearly for it...
CrediBULL Crypto @CredibleCryptoThe whale that bought 20 million $’s worth of $CVX today (around 1 million tokens) which sent price flying from $17 to $29 just locked all 1 million away (minimum 4 month lock period), taking them off the market. There is officially more $CVX locked than there is circulating. https://t.co/ErRUZtiUTW
This wouldn’t even count as insider trading if there was such a thing in crypto. This alpha has been fully public. It’s up to regular people to choose whether to follow the trail being clearly signaled by an actual whale, or sitting around doing nothing.
DefiMoon 🦇🔊 @DefiMoonTetra really, really wants that $CVX above $20😄 https://t.co/cwUyD1ftS9
It also appears to not so much be an intentional splash. More that from the point of view of a whale, what feels like a small ripple is considered a major wake to the rest of the ecosystem.
CryptoCondom @crypto_condomI'll buy as much $CVX as you have, right now, at $10. Sell me all you want. Then go fuck off.
Other major players announced some big moves in the wake. @CryptoMessiah responded by rebalancing his portfolio toward $CRV.
It also appears as if now the majority of CVX is locked for 16 weeks.
DefiMoon 🦇🔊 @DefiMoon@ama8999 Yeah, Tetra's 2nd wallet locked 1m $CVX https://t.co/tXnI3zeHjM
The fun part of all this is that the expertly balanced flywheel means that $CVX and $CRV tango together.
Rabas @itsrabasWait till people realize that $CVX can (and will) flip $CRV, the fun has just begun.
This war is playing out fast. It’s fun to look back at just before the summer and see how well this thread aged, and how far we’ve come since then.
Disclaimers! Author is a $CRV/$CVX maxi.