CRV Token Drops Over 34% After Curve.fi Founder Michael Egorov\'s Liquidation News
Egorov's $27 million debt across platforms adds significant financial strain on CRV. Binance integrates CRV into Arbitrum One and Optimism for faster, cheaper transactions.
CRV, the native token of Curve.fi, has seen a drastic price drop of over 34% following news of its founder, Michael Egorov, facing liquidation. This development has raised concerns among investors, impacting CRV’s development and ongoing projects.
At its lowest point on Thursday, CRV dipped below $0.236, showcasing the severe impact of the market crash. The token has since rebounded slightly, settling at $0.261.
According to Spot On Chain, news of Egorov’s liquidation has been a major factor in CRV’s sharp decline. Egorov currently has 139 million CRV tokens ($37M) in collateral and $27 million in debt across 3 platforms and wallets. This adds significant financial strain, pushing CRV’s value down.
Earlier reports from April indicated that Egorov faced liquidation as CRV fell to $0.42, with 371 million CRV (roughly $156 million) used as collateral for stablecoin loans.
In response to the news, an unknown whale with the wallet address i0xF07 has deposited 29.62 million CRV tokens ($7.68 million) to Binance. This move coincides with the liquidation of Fraxlend, highlighting the broader market impact of Egorov’s liquidation.
Meanwhile, Binance has integrated CRV into Arbitrum One and Optimism, enabling faster and cheaper transactions for its users.
News source：https://www.kdj.com/cryptocurrencies-news/articles/crv-token-drops-curvefi-founder-michael-egorov-liquidation-news.html
The above is the detailed content of CRV Token Drops Over 34% After Curve.fi Founder Michael Egorov\'s Liquidation News. For more information, please follow other related articles on the PHP Chinese website!
The Pi Network token price has increased by more than 14% over the past week.Apr 16, 2025 am 11:22 AMAs of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi
More Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneApr 16, 2025 am 11:20 AMAn analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.
Bitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayApr 16, 2025 am 11:18 AMFollowing today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.
Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Apr 16, 2025 am 11:16 AMnt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities
![A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]](https://img.php.cn/upload/article/001/246/273/174477326297054.jpg?x-oss-process=image/resize,p_40)
A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]Apr 16, 2025 am 11:14 AMWith $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.
Mantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceApr 16, 2025 am 11:12 AMMantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.
Recent market movements and technical analysis suggest that BONK may be on the brink of a significant price surge, outpacing Solana's broader ecosystem.Apr 16, 2025 am 11:10 AMTechnical Setup for Bonk Price Recovery According to prominent crypto analyst Altcoin Sherpa, Bonk is showing signs of a potential rebound.
Securitize Acquires MG Stover's Fund Administration Business to Become the Largest Digital Asset Fund AdministratorApr 16, 2025 am 11:08 AMSecuritize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover's fund administration business
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.
Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.
Dreamweaver Mac version
Visual web development tools
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
