CRVThe native token for stablecoin platform CurveDAO is again close to its all-time lowest price as the ecosystem tries to recover from the large liquidation that occurred this month.
Lookonchain, which tracks blockchain transactions, reports that Binance received CRV worth over $6,000,000 from a whale. The whale was presumably selling the CRV at a significant loss.
“A total of 22 million CRVs were bought at the same price as the CRV liquidation.
A loss of up to $1,000,000 will be incurred by selling now.”
On June 13th, Curve founder Michael Egorov announced All of his loans are reportedly valued at roughly $156 millionHe also said that. He is also said He sold millions of tokens of NextGen Digital Venture to a partner of their crypto assets investment firm in a well-organized transaction.
“To avoid bad debts, I sold my 30 million not yet vested shares of CRV. Christianeth, June 13th. He will receive the 30 million CRV in pieces by mid-August.
If you see CRV transactions from my wallet to christian2022.eth, they are related to that deal…”
The same day as Egorov’s liquidation, the CRV price dropped to its all-time lowest of $0.239. CRV currently trades at $0.28, 98.3% below its previous high of $15.37.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Please follow us X, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. Your transfers and transactions are entirely at your own risk. own You are responsible for any loss you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com