Anonymous analyst Credible tells his 332,400 Twitter followers that it continues to purchase Curve DAO Token (CRV), the native token of Curve Finance, a decentralized exchange program for cryptocurrencies. Credible made the following statements about CRV:

   "Way down on my average for $CRV at this point but I'm simply adding more. Last buy was around $1.60 and if I can get more capital will be buying more as close to current levels as I can. Staking it for 50% APR on @ConvexFinance as I've been doing for the last 6+ months."

At the time of writing our CRV news, it is trading at $1.23. The 117th-ranked crypto-asset by market cap has dropped more than 12% in the past seven days.

The successful analyst, while talking about the risks of investing in altcoins right now, says that you should not buy altcoins without correctly predicting Bitcoin's movements.

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   "As per my last update- $BTC made another swing lower and brought $CRV (and the rest of the market) with it. We have now hit a significant S/R region and taken key swing lows to our left. Watch for a base to form here then a reclaim of the region we broke down from for a reversal."

Stating that a horizontal movement should be expected after the declines of CRV, the successful analyst believes that the popular altcoin will experience sharp rises after this movement.

Whale Named “Saruman” Adds $10.3M in wETH to Its Wallet

The biggest ETH whales were seen adding WBTC and wETH to their wallets. According to WhaleStats, a whale named “Saruman” has bought around $10.3 million worth of Wrapped Ethereum in multiple transactions in the past 24 hours.

wETH token is used to trade between ETH tokens and other ERC-20 tokens on decentralized finance applications as they work on smart contracts. When we examine it in detail, we see that “Saruman” holds a total of $32.7 million worth of Wrapped Ethereum in his wallet.

ethereum eth whale

We see that ETH whales are more in demand for wrapped tokens these days. Whales added 2951 Wrapped Bitcoins to their wallets, which corresponds to approximately $86.3 million in the last 24 hours. A whale named “BlueWhale0090” alone threw $48.7 million worth of WBTC into its wallet. Meanwhile, “Saruman” also bought 999 WBTC for $29.31 million.

According to the data, the top 100 whales hold a total of $41.03 million worth of WBTC. This reveals that during the decline, whales exited altcoins and bought BTC and ETH.