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Which whale sold CRV on Binance?

A large, unnamed crypto holder—often called a "whale"—who had gathered about 5.03 million Curve DAO Token (CRV) in 2024, sold over 4 million CRV on Binance at around $0.34 each, according to blockchain tracking and media reports (AMBCrypto report).

  1. The sale involved more than 4 million CRV, resulting in a realized profit close to $400,000, even though the holder had previously seen unrealized gains of about $5.2 million (AMBCrypto).
  2. Blockchain analysts pointed out that the sale happened on Binance at roughly $0.34 per CRV (tweet summary).
  3. The identity of this whale remains unknown; reports track the wallet address but do not reveal the person behind it (AMBCrypto).

Deep Dive

1. Whale Identity

The seller is not publicly named. Instead, reports focus on a single large wallet address that accumulated about 5.03 million CRV tokens and later sold a significant portion on Binance, as detailed by blockchain analytics in the AMBCrypto article. A popular summary highlights the Binance sale and price but does not link it to a real person (tweet summary).
What this means: The seller should be understood as a wallet address, not an individual. Without official confirmation, assuming a specific person is behind it is just speculation.

2. Sale Magnitude

The whale sold more than 4 million CRV tokens at about $0.34 each. This converted a previously large unrealized gain—around $5.2 million when CRV was near $1.30—into a much smaller realized profit of roughly $400,000 (AMBCrypto). Experts suggest this sale reflects a forced exit in a market with low liquidity, rather than a planned profit-taking move (tweet summary).
What this means: When the market lacks depth, big sell orders can push prices down, turning potential paper profits into limited actual gains.

3. Impact and Context

This sale fits into a larger pattern of bearish trends for CRV, with weak buying interest and ongoing signals of price decline. Analysts note that without stronger trading volume, CRV remains vulnerable to further drops (AMBCrypto analysis). While one whale’s sale doesn’t control the entire market, it adds short-term selling pressure during a period of weak momentum.
What this means: CRV faces near-term risks unless demand and liquidity improve. Watch for increased trading volume and key price levels being regained as signs of recovery.

Conclusion

The CRV sale was made by a large, on-chain whale wallet—not a publicly identified person. Selling over 4 million CRV on Binance at about $0.34 turned big unrealized gains into a modest profit, reinforcing short-term bearish pressure in a market with low liquidity (AMBCrypto, tweet summary). If you’re tracking CRV, focus on signs of demand picking up—like higher trading volume and reclaiming important price levels—rather than just watching individual wallet activity.


What could affect the price of CRV?

CRV’s future depends on how well its protocol develops and the overall market conditions.

  1. Governance Challenges – Recent rejection of funding highlights risks in how the DAO is managed.
  2. Strong Fee Performance – Curve now earns 44% of Ethereum decentralized exchange (DEX) fees, showing its key role.
  3. Market Headwinds – Bitcoin’s dominance and low liquidity in altcoins limit CRV’s growth potential.

Deep Dive

1. Protocol Funding & Governance (Mixed Impact)

Overview: On December 23, 2025, Curve DAO voted down a $6.2 million grant (17.4 million CRV tokens) intended for core developers. This opposition was mainly led by Yearn and Convex wallets. A revised proposal is currently being reviewed, but concerns about transparency remain. In contrast, a similar grant in 2024 was approved with 91% support.

What this means: Ongoing disagreements over funding could slow important upgrades like Llamalend V2 and FXSwap. On the upside, tighter control may help prevent excessive token inflation—currently, 61% of CRV’s maximum supply is already in circulation (1.42 billion out of 3.03 billion tokens).

2. DEX Fee Leadership (Bullish Impact)

Overview: Curve now accounts for 44% of all Ethereum DEX fees, earning about $15.1 million over the past 30 days. This is a big jump from just 1.6% in 2024, thanks to the growing use of crvUSD stablecoins and Bitcoin pools managed through Yield Basis (DeFiLlama). Curve’s total value locked (TVL) is $2.1 billion, with three Bitcoin pools leading in liquidity.

What this means: This fee dominance confirms Curve’s importance as a stablecoin platform in decentralized finance (DeFi). Its ability to generate real yield—unlike hype-driven tokens—could attract more institutional investors. CRV’s 24-hour trading volume at 15.8% of supply shows strong market activity.

3. Altcoin Liquidity Drought (Bearish Impact)

Overview: Bitcoin holds a 59.1% market dominance as of December 23, 2025, and the market sentiment index shows high “Fear” at 29. This environment limits capital flow into altcoins like CRV. DeFi’s market share is near yearly lows at 28.85%, and CRV’s 60-day trading volume has dropped by 30.9%, despite growing fees.

What this means: Until Bitcoin’s dominance falls below 55%, CRV’s price may remain under pressure despite solid fundamentals. Over the past 90 days, CRV’s price has dropped 47.4%, underperforming Ethereum (-12%) and Bitcoin (-2.2%), reflecting cautious investor sentiment toward altcoins.

Conclusion

CRV’s outlook depends on balancing its strong DeFi utility with challenging market conditions. Keep an eye on the upcoming grant vote in early 2026 and Ethereum DEX fee trends—if Curve’s share falls below 30%, competitors like Uniswap and Balancer could be gaining ground. The key question: can Curve’s real yield advantage overcome Bitcoin’s strong market influence?


What are people saying about CRV?

The community around Curve DAO Token (CRV) is divided between confidence in the protocol’s strength and concerns about token fatigue. Here’s what’s making headlines:

  1. Governance issues – The DAO rejected a $6.2 million developer grant due to worries about transparency 🚫
  2. Technical debate – Analysts disagree on whether CRV will hold support at $0.35 or bounce back toward $0.42 📉📈
  3. DeFi foundation – Curve continues to dominate stablecoin liquidity, even as CRV faces challenges 🏦

In-Depth Look

1. @DAOscope: Governance Rejection Sparks Accountability Debate mixed

"Curve DAO blocked a $6.2 million CRV grant... token holders are pushing for stricter funding oversight."
– @DAOscope (935 followers · 5.9K impressions · 2025-12-23 09:00 UTC)
View original post
What this means: Opinions are mixed. While calls for more transparency could improve governance in the long run, they might also delay important updates to the protocol like FXSwap and Llamalend V2.

2. @Finora_EN: Precision Trading Near Make-or-Break Zone bullish

"Key resistance at $0.3539–$0.3610... bullish momentum on most indicators if $0.3494 holds."
– @Finora_EN (5.65K followers · 62K impressions · 2025-12-21 09:38 UTC)
View original post
What this means: Traders are optimistic about CRV potentially bouncing 3-4% from its current price near $0.37, as long as support around $0.35 holds. However, some indicators suggest the trend might not be very strong.

3. @Nicat053nn: Survival Mode Amid AMM Wars bearish

"CRV faces selling pressure from unlocked supply... recovery depends on successful Curve 2.0 rollout."
– @Nicat053nn (11.4K followers · 32K impressions · 2025-12-02 11:40 UTC)
View original post
What this means: The outlook is negative due to a large circulating supply (2.3 billion tokens) and competition from other decentralized exchanges like Uniswap and Balancer. A smooth launch of Curve 2.0 is crucial to improve sentiment.

Conclusion

The overall view on CRV is mixed. Supporters point to its vital role in stablecoin liquidity—accounting for 44% of Ethereum decentralized exchange fees—and the potential for a price rebound. Critics highlight inflationary supply issues and governance challenges. Keep an eye on the $0.35–$0.38 price range this week: closing below $0.34 could trigger panic selling, while breaking above $0.40 might signal a relief rally. The big question remains—can Curve’s real-world usefulness finally help its token overcome current struggles?


What is the latest news about CRV?

Curve DAO is facing some challenges in governance but is seeing strong growth in usage. Here are the key updates:

  1. Core Developer Funding Denied (Dec 23, 2025) – Voters in the DAO rejected a $6.2 million funding proposal, asking for better oversight of the treasury.
  2. Leading Ethereum Fee Share (Dec 23, 2025) – Curve now earns 44% of all Ethereum decentralized exchange (DEX) fees, thanks to its Bitcoin pools and growing use of crvUSD.
  3. Updated Funding Proposal Submitted (Dec 15, 2025) – A new $6.6 million grant request aims to support upgrades in 2026, including foreign exchange (FX) swaps.

In-Depth Look

1. Core Developer Funding Denied (Dec 23, 2025)

Summary:
Curve DAO members voted against founder Michael Egorov’s plan to give 17.4 million CRV tokens (worth $6.2 million) to Swiss Stake AG, the team behind the protocol’s development. Wallets linked to Yearn and Convex strongly opposed the proposal, raising concerns about how funds have been managed in the past and calling for more transparency.

What this means:
This rejection shows that voters want tighter control over how the DAO’s money is spent, which could slow down planned upgrades. Interestingly, the price of CRV increased by 4% after the vote, as investors saw this as a positive sign of financial responsibility. (Coin Edition)

2. Leading Ethereum Fee Share (Dec 23, 2025)

Summary:
Curve now takes nearly half (44%) of all fees generated by decentralized exchanges on Ethereum, a big jump from just 1.6% in 2024. This growth is driven by its Bitcoin liquidity pools and the rising use of crvUSD, a stablecoin. The Bitcoin pools hold the most total value locked (TVL), and crvUSD’s trading volume reached $15.1 million in the past 30 days.

What this means:
This dominance in fees shows strong and consistent demand for swapping stablecoins and pegged assets on Curve. While this is good news for the protocol’s revenue, CRV token holders don’t automatically benefit unless the DAO decides to use those fees to buy back tokens. (Coin Edition)

3. Updated Funding Proposal Submitted (Dec 15, 2025)

Summary:
Michael Egorov has put forward a new grant proposal for $6.6 million to fund projects in 2026, including Llamalend V2 (a lending platform) and on-chain foreign exchange swaps. The proposal also includes plans for spending audits twice a year and allows unused CRV tokens to be staked through Convex and Yearn.

What this means:
If approved, this funding could help Curve expand into new markets like forex while addressing previous concerns about transparency. However, with CRV’s price down 48% over the last 90 days, the DAO faces pressure to support development without overly diluting token holders. (Coin Edition)

Conclusion

Curve’s governance struggles highlight the ongoing challenge in decentralized finance (DeFi) of balancing community control with growth. The success of updated proposals will be key to keeping voters satisfied without slowing innovation. Keep an eye on how Curve manages fee distribution and the adoption of crvUSD to understand CRV’s future as it moves from governance conflicts toward steady value growth.


What is expected in the development of CRV?

Curve DAO Token's 2026 plan centers on growing its decentralized finance (DeFi) services and bringing in more institutional users.

  1. Llamalend V2 Launch (Q1 2026) – Improved lending platform supporting multiple types of collateral and generating fees for the DAO.
  2. Forex Pools via CryptoSwap (Mid-2026) – New low-cost foreign exchange trading for stable currency pairs like USD/EUR.
  3. Cross-Chain Expansion (Ongoing) – Launching Curve-Lite on additional blockchain networks compatible with Ethereum.

Deep Dive

1. Llamalend V2 Launch (Q1 2026)

Overview: This is an upgraded lending platform from Curve that will allow users to use liquidity provider (LP) tokens as collateral. It also introduces fees that will benefit the DAO (the community-led organization behind Curve). The project is backed by a proposed $6.6 million grant to Swiss Stake AG, pending approval from the DAO (voting ended December 22, 2025). You can read more about the grant here.

What this means: This is a positive sign for CRV holders because it could boost the protocol’s income through lending fees. Curve’s revenue already doubled from Q2 to Q3 in 2025. However, if the grant isn’t approved, the launch could be delayed.

2. Forex Pools via CryptoSwap (Mid-2026)

Overview: This feature combines StableSwap and CryptoSwap technologies to create pools for trading foreign currencies like USD and EUR with very low slippage (less than 2%). This is about 15 times better than current competitors. The system is currently being tested after a demo at TOKEN2049 by Mikhail Egorov. More details are available here.

What this means: This is cautiously optimistic news. While the technology is promising, its success depends on attracting traditional financial (TradFi) liquidity. Early tests show it uses capital 30% more efficiently than existing pools.

3. Cross-Chain Expansion (Ongoing)

Overview: Curve-Lite, a simpler version of Curve’s decentralized exchange (DEX), will be launched on 4 to 6 new Ethereum-compatible blockchains in 2026. This follows successful launches on Monad and TON in late 2025.

What this means: This is good news for CRV’s usefulness since expanding to multiple blockchains can strengthen Curve’s position as a key liquidity provider in DeFi. However, issuing tokens on new chains might temporarily reduce rewards for veCRV holders.

Conclusion

Curve’s 2026 roadmap aims to increase revenue through Llamalend V2 fees while expanding into new markets like forex trading and multiple blockchains. Even though CRV’s price is down 48% year-to-date despite growing total value locked (TVL) to $2.2 billion, successfully hitting these goals could help the token’s price better reflect its underlying value. The big question is whether DAO voters will focus on building long-term infrastructure rather than short-term token rewards.


What updates are there in the CRV code base?

Curve DAO Token's technology saw major upgrades and growth in late 2025.

  1. Curve-Lite Launch (November 2025) – A simpler version of Curve for Ethereum-compatible blockchains.
  2. User Interface Update (December 2025) – Improved governance dashboard and veCRV analytics.
  3. Vyper Security Upgrade (September 2025) – Enhanced smart contract security backed by the Ethereum Foundation.

In Detail

1. Curve-Lite Launch (November 2025)

What it is: Curve-Lite lets developers quickly set up Curve decentralized exchanges (DEXs) on networks like Arbitrum and Polygon, which use Ethereum-compatible technology. This makes it easier for new blockchains to use Curve’s proven system for trading stablecoins and cryptocurrencies.

Curve-Lite includes essential features like StableSwap pools, automatic interface connections, and DAO-controlled CRV token rewards. It helps Curve grow across different blockchains while allowing each network to manage its own liquidity.

Why it matters: This is good news for CRV holders because it makes it easier for more blockchains to adopt Curve’s technology. More adoption can lead to higher protocol earnings and greater use of the CRV token. (Source)

2. User Interface Update (December 2025)

What it is: The December update improved the Curve DAO’s user interface by combining governance tools into one dashboard, simplifying how users lock veCRV tokens, and adding real-time voting data.

New features include a schedule for unlocking tokens and a combined screen for proposals and voting. These changes aim to make governance easier to understand and use, especially for people who aren’t blockchain experts.

Why it matters: This update doesn’t directly affect CRV’s value but makes it easier for more people to participate in governance. More engagement could lead to better decisions for the protocol over time. (Source)

3. Vyper Security Upgrade (September 2025)

What it is: Vyper, the programming language used for Curve’s smart contracts, joined the Ethereum Foundation’s security bounty program. This program rewards people who find and report security issues.

This move came after Ethereum co-founder Vitalik Buterin publicly supported Vyper at a major developer conference, noting its importance in key DeFi projects like Curve and Aave.

Why it matters: This is positive for CRV because stronger security reduces the risk of hacks. It builds trust in Curve’s ecosystem, which currently manages over $2.3 billion in assets. (Source)

Conclusion

Curve’s updates in late 2025 focus on making the platform easier to use, more secure, and scalable across multiple blockchains. With new pools handling over 60% of trading volume and growing adoption of scrvUSD, these improvements could boost protocol revenue and increase demand for CRV in 2026.

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Why did the price of CRV fall?

Curve DAO Token (CRV) dropped 2.27% in the last 24 hours, underperforming the overall crypto market, which fell 1.42%. The main reasons include disagreements within the project’s governance, technical hurdles in price movement, and a general cautious mood among investors.

  1. Governance Proposal Rejected – The DAO voted down a $6.2 million grant for developers, raising questions about transparency.
  2. Technical Resistance Holds – CRV’s price is struggling to rise above key moving averages.
  3. Market-Wide Risk Aversion – Bitcoin is gaining dominance as investors become more cautious.

Deep Dive

1. Governance Tensions (Negative Impact)

Overview: On December 23, the Curve DAO rejected a proposal to give 17.4 million CRV tokens (worth $6.2 million) to its core development team. Most of the “no” votes came from wallets linked to Yearn Finance and Convex, who expressed concerns about how the funds would be used (Coin Edition).

What this means: This rejection shows that the community wants stricter control over spending, but it also reveals risks of centralization since a few groups hold most of the voting power. It could delay important updates to the protocol and create doubts about Curve’s ability to keep developers motivated and innovate, which may hurt investor confidence.

What to watch: Keep an eye on any revised proposals and how major stakeholders like Convex and Yearn vote in upcoming on-chain decisions.

2. Technical Resistance (Neutral to Slightly Negative)

Overview: CRV’s price is facing resistance near its 30-day simple moving average (SMA) at $0.39 and the Fibonacci retracement level at $0.422. The Relative Strength Index (RSI) is neutral at 47.52, while the MACD indicator shows a mild bullish signal (+0.0007).

What this means: The price is currently moving between $0.333 (recent low) and $0.449 (recent high). If CRV falls below $0.358 (the 78.6% Fibonacci level), it could lead to further declines toward the 2025 low of $0.314.

Key level to watch: $0.358 — dropping below this could trigger more selling pressure.

3. Overall Crypto Market Sentiment (Negative)

Overview: The Fear & Greed Index for crypto is at 29, indicating “Fear.” Bitcoin’s market dominance has increased to 59.02%, as investors move money away from altcoins like CRV.

What this means: CRV’s weaker performance fits with the current cautious mood in the market. Investors prefer Bitcoin and assets that behave more like cash, especially as liquidity is low and leverage is high (open interest rose 8.7% in 24 hours), which adds to the downside risk for CRV.

Conclusion

CRV’s recent decline is driven by governance disagreements, technical challenges, and a cautious market environment. Despite these issues, Curve remains a strong player, accounting for 44% of Ethereum decentralized exchange fees (DeFiLlama). Short-term recovery depends on resolving DAO conflicts and pushing the price back above $0.39.

Key points to watch: Will the updated developer grant proposal get approved? Can CRV hold above $0.358 to avoid a sharper drop?