CRV: Whale Sells 20.86M Tokens to OKX

CRV saw fresh selling pressure after the 0x5dC6 address transferred 20.86 million tokens valued at $7.33 million into OKX at $0.35.

The move marks the exit of a position opened at $0.32 during the June 2024 liquidation cascade that sent prices from $0.46 to $0.24. The address held through the subsequent rally to $1.2 and realized roughly $530k in gains.

Price action on the 4h chart shows CRV trading at the lower Bollinger Band support of $0.35 while sitting just above the EMA50 at $0.34 and well clear of the EMA200 at $0.29. With RSI at 48.17 remaining neutral and MACD printing a death cross at zero, the market is testing short-term volatility exhaustion at the band edge; a bounce toward the $0.38 upper band remains the next measured target before any sustained continuation.