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ConvexFinance [CVX]: All you need to know before last unlock takes place
, about a month into the unlocking process, a significant number of CVX holders turned a profit as the asset’s market-value-to-realized-value rallied to post a positive value of 27.11% by 28 July.
Following this high, however, the metric began on a downtrend. At press time, CVX’s MVRV was pegged at -4.276%, indicating that some of its holders currently hold at a loss. This might be investors who FOMO’d in when they saw the spike in the price of the asset.Taking advantage of the price rally, key stakeholders on the CVX network took to filling their bags in the past few months. Data from Santiment showed that the count of whales holding CVX has increased since unlocking began.
Hence, any investor looking to ape in on the token should know that the continued stretch of the MDIA might hamper any significant rally in its price for the time being.Subscribe to get it daily in your inbox.
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