Analysis: CVX's 40% surge was driven by bots; the top 100 holdings on the two most active addresses have reduced their positions.

DeFi analyst @lordjorx posted on the X platform that the 40% price surge of CVX was not a trend reversal, but rather driven by continuous buying from bots at two specific wallet addresses. On-chain data shows that these two addresses interacted hundreds of times daily. During the price surge, two addresses among the top 100 CVX holders used this artificial price increase to reduce their total holdings by 25% and 34% respectively. Currently, the bot addresses that triggered the surge have either emptied their wallets or transferred their funds.