Analysis: CVX Surges Over 40% Due to Manipulation, Bot Wallets Continuously Buying to Drive Up Price
By: theblockbeats.news|2026/01/05 02:16:07
0
Share
Prefer us on Google
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.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
CVX Surges Over 40% Amidst Manipulation Concerns, Bot Wallets Drive Price Hike
Key Takeaways CVX (Convex Finance) experienced a more than 40% surge in price due to suspected manipulation by…
The Curve community has voted to reject the "Appropriate 17.45M CRV for R&D and Team Support" proposal.
BlockBeats News, December 24th, Curve Finance founder Michael Egorov proposed to allocate 17.45 million CRV tokens (about 6.2 million USD) to Curve's development company Swiss Stake AG to support ecosystem development, technical research, and continuous development of the lending protocol. Egorov st...
Ripple and SBI Team Up for RLUSD Stablecoin Launch in Japan by Early 2026
Latest Crypto Market Snapshot as of August 22, 2025 BTC Soars to $115,250.00 ETH Hits $4,450.75 XRP Climbs…
What is Delta Hedging: A Method to Neutralize the Risks of Spot Holdings
Delta hedging is a method of holding an opposite position to offset the price fluctuation risk of held assets.
Pablo Goldin: "The Central Bank is trapped monetarily, it perceives the problem but cannot find a way out"
According to the director of MacroView, the constraints of the monetary scheme do not allow for reactivation, a central element of a successful economic program. He warns about the amount of pesos missing compared to other periods of reactivation.
The calendar began to press
The best strategy to address the challenges, before the electoral calendar monopolizes the agenda, combines pragmatism to achieve a careful balance between stabilization objectives and the recovery of employment and wages.
![[SCAN 2026 Final Interview] CertiScan: Tracking Virtual Assets with Practical Experience from CertiK](/public-static/14_1ee1df8c36.png?format=avif)
[SCAN 2026 Final Interview] CertiScan: Tracking Virtual Assets with Practical Experience from CertiK
The final of the world's first digital asset tracking competition, 'SCAN 2026', will be held on September 28 at 9 AM at Monaco Space in Seocho-gu, Seoul. SCAN 2026 was established to enhance cybersecurity and investigative capabilities in digital assets, hosted by DAsset with Chainalysis as a CTF pa...
Three Blockchains Halted in Four Days, Only Chronos Rolled Back
The Surge of 'Buybacks' in the Cryptocurrency Market
Cryptocurrency (digital asset) projects have reportedly invested the largest amount ever in 'buybacks', similar to stock market buybacks, by purchasing their own issued tokens from the market. This trend reflects a growing movement to utilize profits generated by projects to buy back tokens, thereby...
Electricity Theft for Cryptocurrency Mining Becomes a Serious Problem for Southeast Asia
The theft of electricity for cryptocurrency mining is increasingly impacting the energy systems of Southeast Asian countries: illegal farms overload networks, cause damage to energy companies, and create new risks for authorities in terms of control and security. At the end of July, Malaysian police...
What is a "cold wallet" for cryptocurrencies? This was the device sought by the killer of Camilo Séptimo's keyboardist
Hargreaves Lansdown Launches Cryptocurrency ETNs for UK Investors
Cryptocurrency ETNs have become available on the Hargreaves Lansdown platform for a segment of British investors: the largest retail investment service in the country has added exchange-traded notes linked to Bitcoin and Ethereum. The launch began in September 2026 after the FCA lifted the ban on re...
Cloudflare Launches Vulnerability Defense Service with OpenAI
Cloudflare has integrated OpenAI's cybersecurity model into its security monitoring service to identify code vulnerabilities in customer applications and prevent attacks at the edge.
Bitcoin Below $80K, Digital Ruble and Hot Topics of the Crypto Forum
Bitcoin has once again become the center of discussions: participants of the community "RBC Crypto. Forum" in Telegram are debating the reasons for the correction, scenarios for September, leveraged trading, the digital ruble, and other topics in the crypto market. In the community, investors, trade...
Ripple: Brad Garlinghouse Links Slow Gold Movement to Cryptocurrency Value
Ripple has once again found itself at the center of discussions about cross-border payments after CEO Brad Garlinghouse highlighted the transportation of 86 tons of gold by the Central Bank of the Netherlands from North America to the United Kingdom. According to him, the very necessity of physicall...
Over 90,000 Unique Hooks Initialized in Uniswap v4, Expanding Development Experiments
In Uniswap (UNI) v4, the number of unique hook addresses initialized and connected to deployment pools has surpassed 90,000. This indicates that rather than just a simple increase in pools, customized DeFi features such as automated fees, liquidity management, and access restrictions are being widel...
$778 Billion Traditional Asset Futures Transform Exchanges
Perpetual futures linked to stocks, commodities, and indices have surged to a scale of $778 billion (approximately 1,050 trillion won) by August 2026, emerging as a new trading axis for crypto exchanges. Bitcoin (BTC)...
South Korea Aims to Tokenize Its Entire Stock Market: The Plan Already Has a Date
Nscale Seeks $3.5 Billion Before IPO and Redefines AI in Europe
Spark, Bitcoin's L2, Collides with the Open Source Culture of Its Own Ecosystem
Bitcoin: How Economists Dead for a Century Became the Bible of Bitcoiners?
Menger, Mises, Hayek: how the Austrian School, forgotten by economics faculties, became the bible of bitcoiners. Our video tells this comeback story.
Bitcoin Gains a Strategic Place in the Economy of the United Arab Emirates
Pentagon Subjects Senior Officials to Polygraph Tests to Uncover Leaks
The Pentagon has reportedly subjected dozens of senior officials to polygraph tests to identify who leaked information about the shortage of ammunition and Patriot systems during the war with Iran.
DAOs are forcing crypto protocols to choose between code and emergency brakes
New research shows how DAO security measures can quietly concentrate power even as crypto governance promises decentralization.
Fed stablecoin research exposes how the same dollar could count twice in M1 or M2
Fed staff explore how payment stablecoins could enter M1 or M2, and why reserve overlap could distort US money supply.
Post-quantum Bitcoin Protection: QuFi Tests Bitcoin Security Without Blockchain Changes
Post-quantum Bitcoin protection from QuFi Network demonstrates how digital assets can be prepared for future quantum risks without rewriting existing settlement networks. The company launched a post-quantum verification platform and showcased its operation on Bitcoin Testnet4. The overall principle ...
OCEAN Reactivates Lightning After Damage from Dashjr's Bet on BIP-110
SHAKA Festival 2026: The Startup Challenge that Puts Founders Face to Face with Investors
AI Data Centers: Cooling Goes Under the Sea
In response to local opposition in the USA, AI data centers are betting on seawater, a cooling technique already proven by Bitcoin miners.
Hegotá Censorship Resistance Confirmed, Slot Shortening Under Review
Ethereum's (ETH) target upgrade for 2027, Hegotá, has confirmed the enhancement of censorship resistance as a key focus. Slot shortening and account abstraction are under preliminary review, but the final ...
CVX Surges Over 40% Amidst Manipulation Concerns, Bot Wallets Drive Price Hike
Key Takeaways CVX (Convex Finance) experienced a more than 40% surge in price due to suspected manipulation by…
The Curve community has voted to reject the "Appropriate 17.45M CRV for R&D and Team Support" proposal.
BlockBeats News, December 24th, Curve Finance founder Michael Egorov proposed to allocate 17.45 million CRV tokens (about 6.2 million USD) to Curve's development company Swiss Stake AG to support ecosystem development, technical research, and continuous development of the lending protocol. Egorov st...
Ripple and SBI Team Up for RLUSD Stablecoin Launch in Japan by Early 2026
Latest Crypto Market Snapshot as of August 22, 2025 BTC Soars to $115,250.00 ETH Hits $4,450.75 XRP Climbs…
What is Delta Hedging: A Method to Neutralize the Risks of Spot Holdings
Delta hedging is a method of holding an opposite position to offset the price fluctuation risk of held assets.
Pablo Goldin: "The Central Bank is trapped monetarily, it perceives the problem but cannot find a way out"
According to the director of MacroView, the constraints of the monetary scheme do not allow for reactivation, a central element of a successful economic program. He warns about the amount of pesos missing compared to other periods of reactivation.
The calendar began to press
The best strategy to address the challenges, before the electoral calendar monopolizes the agenda, combines pragmatism to achieve a careful balance between stabilization objectives and the recovery of employment and wages.
...
Contents
Latest articles
01/05/2026
09/06/2026
09/06/2026
Latest coin listings on WEEX
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
