CVX surges 40%: Two robot wallets manipulate the market, large investors have quietly reduced holdings

【BitPush】Recently, the CVX (Convex Finance) market has seen a reversal, with the price surging over 40%. At first glance, it looks impressive, but a closer look at on-chain data reveals an interesting story — this rally was almost entirely driven by two bot wallets continuously buying, artificially pushing the price higher.

Among the top 100 holders, two addresses sensed the opportunity. One sold 25% of their CVX, while the other reduced their position by 34%. They essentially took a free ride and successfully escaped during the hype. And what about those bot wallets fueling the market? They had long since emptied or transferred their funds.

This is the current state of the Convex ecosystem — the fundamentals are actually solid, and the overall outlook for Curve and Convex is still promising. But this also highlights an important issue: you need to see through the true nature of market games. Don’t end up cluelessly becoming the last bag holder.

To DeFi traders, it’s recommended to pay more attention to on-chain data and verify what’s really behind those seemingly hot market movements. Vigilance is never outdated.