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![CredibleCrypto Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::944746889194364928.png) CrediBULL Crypto [@CredibleCrypto](/creator/twitter/CredibleCrypto) on x 472.8K followers
Created: 2024-12-01 07:26:51 UTC

Of the 2.1B "circulating supply" of $CRV, ~42% (916M) is locked.

Of that 916M, nearly half (416M) is locked in @ConvexFinance forever, and those that lock $CVX tokens control all the locked tokens in the protocol (including the 916M $CRV).

Which means, as the value of $CRV climbs, the intrinsic value of each locked $CVX token rises as well.

CRV price UP -> CVX token intrinsic value UP -> CVX price UP.

Essentially, while it's not a direct correlation, higher prices in $CRV ultimately lead to higher prices in $CVX and vice versa.


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![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1863122574781153351/c:line.svg)

**Related Topics**
[all the](/topic/all-the)
[atm](/topic/atm)
[cvx](/topic/cvx)
[crv](/topic/crv)
[token](/topic/token)
[protocol](/topic/protocol)
[$cvx](/topic/$cvx)
[convexfinance](/topic/convexfinance)

[Post Link](https://x.com/CredibleCrypto/status/1863122574781153351)