TechFlow news, on November 20, according to Spot On Chain monitoring, the whale address convexcuck.eth spent $2 million to purchase 709,961 CVX tokens 11 hours before the CVX price surged, subsequently leading to a 61% spike in CVX's price.
This address previously traded 1.098 million CVX between July 2021 and March 2022, earning $20.2 million in profit with a 129% return. After remaining inactive for 1.67 years, the address resumed activity starting November 8, investing a total of $4.37 million to buy 1.9 million CVX at an average price of $2.297 per token. It currently holds an unrealized profit of $595,000, representing a 13.6% return.
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