Analysis: CVX surged over 40% due to alleged manipulation, with bot wallets continuously buying to drive up the price.

GateUser-6433627c · 2026-01-05T02:09:48+00:00

DeFi analyst @lordjorx pointed out that the CVX price increase of over 40% is artificially manipulated, mainly driven by two bot wallets. These two addresses took the opportunity to sell part of their holdings, while also advising users to be cautious about the market to avoid becoming liquidity exiters.

GateUser-6433627c

2026-01-05 02:09:48

Abstract generation in progress

On January 5th, DeFi analyst @lordjorx stated that the price surge of CVX (Convex Finance) by over 40% was a result of manipulation, driven almost entirely by two specific bot wallets that kept buying to push up the price. Two addresses among the Top 100 holders used this rise as an “exit,” selling 25% and 34% of their holdings respectively, while the bot wallets that fueled the market have now been emptied or transferred funds. Analyst @lordjorx added that he remains fundamentally optimistic about the Curve Finance and Convex Finance ecosystems, but while optimistic, users should also recognize the “game’s nature” to avoid becoming “liquidity exits.” Users are advised to stay vigilant and verify on-chain data.

CVX-7,06%

CRV-1,5%

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