Analysis: CVX Surges Over 40% Due to Manipulation, Bot Wallets Continuously Buying to Drive Up Price
BlockBeats News, January 5th, DeFi analyst @lordjorx stated that the over 40% price surge of CVX (Convex Finance) was a result of manipulation, driven almost entirely by two specific whale wallets that kept buying to boost the price. Two addresses in the Top 100 holders took advantage of this surge to "exit," selling 25% and 34% of their holdings, respectively. The wallets behind the pump-and-dump scheme are now emptied or have transferred the funds.
Analyst @lordjorx further mentioned that while he is fundamentally bullish on the Curve Finance and Convex Finance ecosystem, users should also recognize the "game nature" of the space and avoid falling into the "liquidity exit" trap. Users are advised to stay vigilant and verify on-chain data.
You may also like
Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale
Best Oil Trading Platform for Crypto Users in 2026
5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns
What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets
How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App
WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.
FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?
FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.
At the Stripe conference, I saw the future of the AI economy
Miners welcome a new life
Seven Important Judgments by Claude Code's Founder at the Sequoia Conference
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
Dialogue Velocity Eric: What is the stablecoin track that the CFO really wants?
Strategy should have said that selling coins is not ruled out
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
Polymarket Underlying Algorithm Explained
Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale
Best Oil Trading Platform for Crypto Users in 2026
5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns
What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets
How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App
WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.
FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?
FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.
Contents
Popular coins
Latest Crypto News
