CVX is up over 90% in 24 hours

[enywu]

According to CoinCarp market data, CVX https://www.coincarp.com/currencies/convex-finance briefly surged to $4.66 before falling back, currently priced at $4.166, up over 90% in 24 hours.

[SamReomo]

It's down to $3.6 now and it may dump even more. I believe it was just a pump that made the CVX coin to grow in value, however after the pump now it's dumping again.

Sometimes such pumps are done by exchanges in order to liquidate the funds of the ones who use high leverage and sometimes by pump and dump groups to make some extra cash.

These type of pump and dumps will occur many times because it's bull run and in bull market it's normal to see such pumps and dumps.

[logfiles]

What goes up especially this fashion must come down roughly too at a certain point in time. I would be very cautions with coins that just pump so hard overnight for no reason. It could be a coordination between whales to have the price of the coin trend and once the retail traders try to get on board due to FOMO, the whales simply just dump on them and move on to the next shitcoin.

[benalexis12]

Its ATH was also high before it was around 60$, so it seems that it will be difficult to return to 60$ again because I don't see any new development in this coin, CVX. But this is just my perception; as you know, the market is also very unpredictable.

It's just like when we suddenly started pumping when we didn't even see a reason for pumping, right? It means that there is a manipulator pumping that is controlling that Cvx right now; maybe he is making the holders of that coin feel what will be the response in the market. That's why he seems to be succeeding because he suddenly dumped that coin as well, from what I saw.