Token's value falls to lowest point in 2 years

Timothy Berg
0 mins

The token's value fell to its lowest point in two years, 40 cents, early Tuesday morning before rebounding back up to 53 cents.

The number of CRV held on centralized exchanges has jumped to a record high. (Glassnode)
The number of CRV held on centralized exchanges has jumped to a record high, according to data from Glassnode. This is a positive development for the DeFi protocol, as it indicates that more users are trusting centralized exchanges with their CRV tokens.
Curve saw massive outflows early this month. (DeFi Llama)
It's been a tough month for Curve, with massive outflows early on. DeFi Llama reports that this has put a lot of pressure on the protocol.

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