search
Homeweb3.0Curve founder Michael Egorov urgently clarifies! US$400,000 CRV is suspected of being sold after being locked up for just one day

Curve创始人Michael Egorov急澄清!40万美元CRV疑似仅锁仓1天便出售

Michael Egorov, the founder of the stablecoin exchange protocol Curve, once again approached the liquidation threshold with $140 million worth of $CRV in mid-June. At that time, in order to avoid liquidation, he sold it over the counter to Christian, the co-founder of the crypto fund NDV, on the same day. 30 million $CRV.

However, due to the subsequent further price drop of CRV, Egorov still has more than 50 million $CRV liquidated.

$CRV worth $400,000 is suspected to be locked up for only one day before being sold

Usually over-the-counter sales have a certain lock-up period to avoid triggering a drop in currency prices. However, yesterday (30th), a KOL in the community @maid_crypto posted an article pointing out that Egorov was suspected of selling 400,000 USDT of $CRV to Christian off-site, and only locked the position for one day before selling it, which aroused widespread concern in the community. He said: Some on-chain analysts pointed out that the suspected @Christianeth address purchased $CRV worth 400,000 USDT from Michael Egorov at an over-the-counter price of 0.107 USDT on June 21, and purchased it at a price of 0.333 USDT the next day. All were sold, causing the CRV market to fall by 5%. On June 28, he once again received the same amount of CRV from the founder of Curve.

If @maid_crypto’s description is true, Christian’s profit exceeded 3 times in just one day.

Michael Egorov issued an article to clarify

However, on the 29th, Michael Egorov actually issued an article explaining the over-the-counter transaction to Christian: At that time, the market did not have enough capacity to handle the liquidation of a large number of CRV, especially the liquidation of approximately the circulating supply within half an hour. one third of . Therefore, in order to prevent bad debts, I sold my unvested 30 million CRV to @Christianeth on June 13th. The 30 million CRV will be delivered to him in batches before mid-August.

Michael Egorov said that if you see $CRV transactions from my wallet to christian2022.eth, it is all related to this OTC transaction.

On-chain analyst Ember also forwarded this post and further stated that Michael Egorov said that the 30 million $CRV sold to Christian will be delivered in mid-August, because he still has 24.7 million $CRV until August 12 All unlocks will be completed. At present, he has delivered 7.5 million $CRV to Christian, which is enough if you add those that have not yet been unlocked.

Christian expressed a misunderstanding

At the same time, Christian himself posted on

  • There is no smashing, and it can’t be sold that much. The falling price is because other giant whales transferred tens of millions into it, and the transfer into the exchange is to repay the collateral.

  • If we look at the time point, according to Binance spot market data, $CRV increased by 4.73% in a single day on the 22nd, reaching a maximum of $0.3457, but then fell for several consecutive days, reaching a minimum of $0.2717, and has now recovered. to $0.2830, up about 3% in the past 24 hours.

The above is the detailed content of Curve founder Michael Egorov urgently clarifies! US$400,000 CRV is suspected of being sold after being locked up for just one day. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsApr 27, 2025 am 11:26 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsApr 27, 2025 am 11:24 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

FloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesFloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesApr 27, 2025 am 11:22 AM

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchBitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchApr 27, 2025 am 11:20 AM

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyJed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyApr 27, 2025 am 11:18 AM

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to Roar5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to RoarApr 27, 2025 am 11:16 AM

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

The Dallas Stars have completely flipped the script on the Colorado Avalanche.The Dallas Stars have completely flipped the script on the Colorado Avalanche.Apr 27, 2025 am 11:14 AM

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

Impressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundImpressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundApr 27, 2025 am 11:12 AM

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!