Curve Founder Sold a total of 72M $CRV through OTC
Aug 04,2023,02:37
According to Lookonchain, Michael Egorov, the founder of Curve Finance, sold a total of 72 million CRV tokens to 15 institutions/investors at a price of $0.4 per token for a total of $28.8 million, which is used to repay debts.
Currently, he holds 374.18 million CRV tokens (approximately $220.4 million) as collateral on 5 platforms and has $79 million in debt.
According to difillama data, the current liquidation price of CRV is $0.3.
Related: Curve Founder Sold 54.5M $CRV through OTC; Justin Sun, DWF Labs among Buyers
