Whales accumulate 55.26M CRV, driving the price up 12% post-liquidation.
Egorov’s remaining CRV assets are secure, not at immediate liquidation risk.
In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms, with Egorov’s lending positions largely liquidated, totaling around 100 million CRV valued at $27 million.
Despite this, Egorov still holds 39.35 million CRV, securing $5.4 million in stablecoins on a lending platform.
Meanwhile, today’s market activity reveals a turnaround for the CRV token. Six whales have accumulated a total of 55.26 million CRV (approximately $19.4 million) during the dip following the liquidation crisis. Interestingly, five of these six whales are first-time accumulators, reflecting a su
We współpracy z: https://thenewscrypto.com/crv-token-recovers-as-whales-accumulate-post-liquidation/
