[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CrediBULL Crypto [@CredibleCrypto](/creator/twitter/CredibleCrypto) on x 471.6K 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 $CVX and vice versa. XXXXXXX engagements  **Related Topics** [atm](/topic/atm) [cvx](/topic/cvx) [crv](/topic/crv) [token](/topic/token) [protocol](/topic/protocol) [$cvx](/topic/$cvx) [$crv](/topic/$crv) [coins defi](/topic/coins-defi) [Post Link](https://x.com/CredibleCrypto/status/1863122574781153351)
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CrediBULL Crypto @CredibleCrypto on x 471.6K 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.
XXXXXXX engagements
Related Topics atm cvx crv token protocol $cvx $crv coins defi
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