Analysis suggests CVX's over 40% surge is due to manipulation by bot wallets

On January 5th, DeFi analyst @lordjorx stated that the over 40% price increase of CVX (Convex Finance) was artificially manipulated, almost entirely driven by two specific bot wallets that continuously bought in to push up the price. Two addresses among the Top 100 holders took advantage of this surge to sell 25% and 34% of their holdings respectively, and the bot wallets that ignited the rally have now emptied or transferred their funds. @lordjorx added that while he is optimistic about the fundamentals of the Curve Finance and Convex Finance ecosystems, he advises users to be cautious of on-chain data to avoid becoming "exit liquidity."