CVX Token Soars 22% After Convex/Yearn SubDAO Exploit, Breaks $3.92 With Bullish Momentum

CVXUSDT has experienced a significant price surge in the last 24 hours, primarily driven by increased trading activity following a reported exploit in a Convex/Yearn subDAO and strong bullish sentiment in the broader market. Technical analysis highlighted on Binance Square pointed to accumulation and a breakout above the $3.92 level, which was confirmed by a parabolic move and the formation of a bullish "Cup & Handle" pattern. These factors, combined with heightened social media attention and momentum from recent technical breakouts, contributed to the rapid price appreciation.

Currently, CVXUSDT is trading at 4.750 on Binance, reflecting a 22.14% increase over the past 24 hours from an opening price of 3.889. Trading volume has surged, with recent figures ranging from $38.09 million to $53.23 million, and the market capitalization is estimated between $385.67 million and $417.35 million. The token has outperformed the broader market, with price fluctuations between $3.78 and $4.22 in the last day, underscoring strong investor interest and volatility.