Curve DAO Rockets to $1: Bull Market Triggers $4 Million in Short Liquidations!

Hang onto your hats, crypto fans! Curve DAO (CRV) just smashed its way back to the $1 mark, fueled by a wild bull market that's leaving short sellers in the dust with nearly $4 million in liquidations!

The crypto world's been buzzing as CRV skyrocketed during this insane bull rally. Just this Thursday, July 17, CRV was trading at a solid $1, up a whopping 25% in the last 24 hours. And get this—the trading volume went nuts, doubling to a staggering $860 million! That's retail investors jumping in with both feet. All this action came right as short positions got blown to bits.

CRV's surge is riding the wave of a massive altcoin party, and it's not just the market that's on fire. Positive vibes from the U.S. legislative scene during Crypto Week have everyone feeling bullish. That's why CRV's been on a tear, up 70% in the last week!

This bullish frenzy sent CRV liquidations through the roof, hitting $4.9 million in just 24 hours. The big chunk of that—$3.9 million—was from short positions, mostly on OKX and Binance. Talk about a bloodbath for the bears!

And here's the kicker: all those short liquidations? They're likely fueling CRV's price even more. Short sellers scrambling to cover their positions are buying up CRV like crazy, pushing the price up. It's like a real-life short squeeze, straight out of Wall Street!

Can CRV Break the $1 Barrier?

CRV teased us by briefly blasting past the $1 mark, only to dip back to $0.9763. But don't count it out yet—there's signs it could keep climbing. Right now, a whopping 60.19% of CRV tokens are locked up as veCRV, and 80% of those are staying put until 2029!

Why lock up veCRV? It gives holders more say in governance votes and encourages folks to hold long-term, which also cuts down the circulating supply. With all that going for it, CRV's set up for some serious growth in the near future. Buckle up, because this ride's just getting started!