September 1, 2022: Whales are Accumulating? 🐋🐳
Why Unusual On-Chain Activity May be Institutions Stashing $CRV
Today’s video in audio form — enjoy this Twitter Space we did this morning on Vyper!
I don't think I've ever witnessed such a flurry of insti accumulation of any coin that I'm witnessing in $CRV right now.
Data from @intotheblock sort of confirms this.
In August, addys with 100k to 1m CRV have added about 10.2m $CRV 💰📈
4m was added just in the past 4 days!
Ouroboros Capital @0xroborosCap
The phenomenon playing out is indeed strange. Why is it presumed to be institutional investors stashing $CRV, and what does this mean?