Justin Sun smashes altcoins! Transfer large amounts of CRV, ETHFI, CVX, WOO, TRU, etc. to Binance

Michael Egorov, founder of stablecoin exchange protocol Curve, previously borrowed approximately $95.7 million in stablecoins (mainly $CRV) using $141 million in $CRV as collateral across 5 lending agreements. crvUSD).

On the 13th, the CRV price plummeted to $0.219, and Michael Egorov’s lending position was liquidated around 11 a.m. that day.

CRV Price

6.224 million $CRV was transferred to Binance, resulting in a heavy loss of $676,000

In this context, the chain Data analyst Yu Jin posted on the evening of the 17th yesterday (17th) that TRON founder Sun Ge (Sun Yuchen) transferred 6.224 million $CRV (worth about 2.07 million US dollars at the time) to the exchange Binance at 21:16 on the 17th. The CRV tokens of Brother Sun's current address have been cleared. (Among them, 5 million CRV were bought by Brother Sun from the founder of Curve in over-the-counter transactions at a price of US$0.4 each in August last year)

According to past experience, transfer large amounts of tokens to Large centralized exchanges are most likely selling tokens. According to calculations based on DeBank data, assuming that Brother Sun transfers $CRV to Binance and sells it immediately, Brother Sun’s cumulative losses on $CRV will reach $676,000. The previous decision to pick up bargains seems to have gone wrong this time...

In addition, in this token transfer, Brother Sun also transferred some altcoins to Binance, including:

• 106,863 $WOO, worth $24,578 at the time

• 62,500 $PROS, worth $21,375 at the time

• 29,331 $GAL , worth $74,207 at the time

• 17,562 $TRU, worth $2,902 at the time

• 148,002 $MATIC, worth $88,623 at the time

• 37,739 $CVX, worth $141,898 at the time

Brother Sun airdropped 3.45 million $ETHFI to Binance

Another On the one hand, according to previous reports, Sun Ge pledged 120,000 ETH to the liquidity re-pledge protocol ether.fi on March 13. On March 16, ether.fi announced its airdrop inquiry website. According to website information, Sun’s address has an airdrop of up to 3.45 million $ETHFI.

Yu Jin also issued an article yesterday saying that it was monitored that Sun’s address transferred 3.45 million $ETHFI to Binance (accounting for 3% of the token’s circulation), which was worth as much as 12.25 million US dollars at the time. Readers are reminded to pay attention to the risk of market crashes caused by this large transfer.

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