CVX Token Surges 21% Amid Bullish Momentum and Elevated Trading Despite Recent SubDAO Exploit

Convex Finance (CVXUSDT) has experienced a significant price increase in the last 24 hours, rising by 21.22% to $4.735 on Binance, with a 24-hour opening price of $3.906. This surge is primarily attributed to heightened trading activity and bullish sentiment observed across major exchanges and social media platforms, despite the recent security incident involving a Convex/Yearn subDAO exploit of approximately $9.5 million. No new protocol updates, partnerships, or upcoming events have been reported for CVXUSDT in the past week. The current market overview shows strong momentum, with trading volumes remaining elevated and the price maintaining gains above key support levels.