DRV Retreats After 27% Surge as Citrini Basket Shows Mixed Trading

DRV rose as much as 27% shortly after being highlighted before retreating to an 8% gain, while other assets in the Citrini cryptocurrency basket showed limited movement.

ETHFI, LIT and ENA failed to show strong price reactions. No significant trading volume was reported across the basket’s coins.

Heavy bidding by South Korean traders on Upbit was identified as a likely contributor to DRV’s initial rise. The activity made the basket assets harder to acquire on Binance and Bybit.

The moves came as the broader cryptocurrency market declined. Trading activity remained limited while traders evaluated their positions in the basket.