Analysis: CVX rose 40% driven by robots, and the top two addresses in holdings have reduced their positions
Jan 05, 2026 10:11:47
DeFi analyst @lordjorx posted on the X platform stating that the 40% increase in CVX price is not a trend reversal, but rather driven by continuous buying from two specific wallet addresses' bots.
On-chain data shows that these two addresses engage in hundreds of interactions daily. During the price increase, two addresses among the top 100 CVX holders reduced their total holdings by 25% and 34% respectively, taking advantage of this artificial pump. Currently, the bot addresses that triggered the increase have either emptied their wallets or transferred their funds.
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