CVX Token Surges 23% After Exploit Resolution, Trading Volume Hits $52.98M on Binance

CVXUSDT experienced a significant price increase of 23.09% over the last 24 hours, rising from 4.001 to 4.925 on Binance. The primary driver of this surge appears to be strong bullish momentum following the resolution of a recent exploit affecting a Convex/Yearn subDAO, which restored market confidence and allowed trading to resume. Additionally, technical breakouts and increased trading activity have contributed to the upward movement, with traders focusing on volume confirmation and key resistance levels.

Currently, CVXUSDT is trading at 4.925 with a 24-hour trading volume of approximately $52.98 million and a market capitalization of around $462.69 million. The asset has shown notable volatility and strong upward momentum, supported by positive sentiment and robust market participation.