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 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.”
CRV continues to trade at $0.60 at the time of writing.
*Not investment advice.