Whale liquidates 3-year CRV position for $4.1m loss
Curve DAO Token (CRV)
Editor:
Eugene Serbin
Lookonchain.com reports that a crypto whale or institutional entity has liquidated its entire holdings of 31.4 million CRV tokens. The entity held these tokens for approximately three years, accumulating them from Binance between 2023 and 2024. The total investment for this accumulation was roughly $15.13 million, resulting in an average cost basis of $0.48 per token.
Over the past two weeks, the address transferred these CRV to OKX to execute sales. The average selling price achieved was approximately $0.35 per token. This exit strategy resulted in a total loss of around $4.1 million, representing a 27% loss rate.
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How the market reacted
Whalio's own Binance spot order flow for CRV, measured when this story was written up on 22 September 2026. Not the outlet's figures.
CRV is currently trading at $0.3679 with a 24-hour buy ratio of 54.0%, indicating that buyers are currently dominating the market. However, the 1-hour buy ratio sits at 39.3% and the 4-hour ratio is 46.5%, showing that short-term buying pressure is fading compared to the daily average. The 24-hour volume delta is positive at $636,290, while the 1-hour delta is negative at -$24,902. This divergence suggests that while cumulative buying has exceeded selling over the day, immediate momentum has turned bearish. The volume delta represents the net value of buy orders minus sell orders, so a positive figure means more money flowed into buys than sells over that period.
The latest daily buy ratio of 51.8% sits at the 79th percentile of the last 322 days, against a median of 49.9% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for CRV, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 47.9%, making today's 54.0% reading an unusual day with a 6.1 point increase. Spot volume was 1.94 times the weekly average, indicating significantly higher activity than normal. Despite the volume spike, the 8-day volume delta was negative at -$397,712, contrasting with today's positive daily delta. The coin saw a 5.9% price increase over eight days, with only one day of net buying recorded in that period. This data points to a day of heightened but potentially unsustainable buying activity relative to the recent weekly trend.