Convex Finance is up 22% – THIS data says CVX’s rally is not done

Convex Finance [CVX] rallied significantly in the past day. The asset reached this level following a 22% increase in value to $260 million, while trading volume came closer to $26.66 million. The gain followed an inflow of capital into CVX's on-chain market, alongside a surge in the number of holders. Perpetual market activity also shows that traders are positioning for a possible upward rally. CVX holders and income reach new highs In the past day, as CVX surged, there was a clear increase in the number of token holders, who reached an all-time high of 32,410. Between the 12th and the 21st of October, the number of CVX holders increased significantly, with 500 new holders added to the market.

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