While the hacking event that occurred in CRV in the past days shook the DeFi industry, there was a short-term panic on the side of Bitcoin and altcoins.
With the hack, the CRV price fell to $ 0.48 in Binance, while it fell to $ 0.1 in some exchanges.
Evaluating the hacking incident at CRV, Tron (TRX) founder Justin Sun said that CRV is important for the DeFi ecosystem and that he supports the CRV team.
A new move came from Justin Sun, who supports the CRV team.
A wallet tagged as belonging to Justin Sun at this point purchased 5 million CRV (worth approximately $2.9 million) from Curve founder Michael Egorov for $2 million OTC.
This move by the Tron founder was confirmed by blockchain security firm PeckShield and popular platform Lookonchain.
Lookonchain said in his post:
“Curve founder sold 5 million CRVs via OTC to Tron founder Justin Sun at an average of $0.4.”
The founder of #Curvefi sold 5M $CRV to Justin Sun at an average price of $0.4 via OTC.https://t.co/WM1nW8JKwU pic.twitter.com/2smWxRbqHp
— Lookonchain (@lookonchain) August 1, 2023
The Tron-Curve Partnership!
Justin Sun announced a partnership between Tron and Curve, confirming the purchase of CRV. In his statement, Sun made the following statements:
“Excited to help Curve!
As committed partners, we are committed to providing support when needed. Our joint efforts will increase user benefits by offering a pool of stUSDT on Curve.
Together we aim to empower the community and create decentralized finance.”
Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!
— H.E. Justin Sun 孙宇晨 (@justinsuntron) August 1, 2023
CRV continues to trade at $0.60 at the time of writing.
*Not investment advice.
