High whale activity is driving the recent price surge but other aspects of the protocol preaches caution.

The crypto market has displayed a significant uptrend in its valuation over the past few days with top altcoins successfully surpassing their important resistance levels, highlighting increased buying-over-selling pressure in the crypto space.

Per data from CoinMarketCap, captured by blockchain analysts Lookonchain, the price of Cream Finance's CREAM token surged by more than 60% on Sept. 23.

CREAM, a popular token in the realm of decentralized finance, has witnessed a significant price surge of 60%, according to data provided by CoinMarketCap.

The exploiter behind a past attack on Cream Finance has transferred nearly half a million in funds, security firm CertiK said on June 26. Exploiter moved $496,000 of ETH CertiK reported that the exploiter sent approximately 268 ETH ($496,000) to a separate Ethereum address.

Manifold plans to launch its own omnichain liquid staking derivative called mevETH in a few months.

Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on January 30.

The decentralized finance application has been exploited three times since going live in 2020.

Coinspeaker Looted Funds from Cream Finance Now on Move

Cream Finance has become subject of mockery after suffering frequent exploits