Curve Founder Sold a total of 72M $CRV through OTC

Curve Founder Sold a total of 72M $CRV through OTC
Source: Curve

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

 

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Source

Curve

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DeFi

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