According to cryptocurrency onchain data, Curve Finance (CRV) founder Michael Egorov appears to be selling CRV again.
The data shows that Egorov recently transferred 1.99 million CRV tokens worth $1.03 million to another wallet. Following this transfer, the recipient wallet sold approximately 1 million CRV tokens worth $515 thousand, with the average price of the sales being $0.515.
Following the sale, 997 thousand CRV tokens worth approximately $514 thousand remained in the cryptocurrency wallet to which Egorov transferred his funds.
Egorov, one of the influential names in the decentralized finance world, actually has a very controversial past. After a hack in the previous periods, Curve Finance's CRV token experienced a major decline and Egorov, who borrowed with CRV collateral, was also faced with the danger of liquidation. At that time, prominent names in the sector such as Justin Sun tried to keep the token alive by purchasing large amounts of CRV at $0.40.
*This is not investment advice.
