Curve Founder Resumes CRV Sell-Off as Crypto Market Rebounds
As the crypto market shows signs of recovery, Curve Finance founder Michael Egorov has once again begun selling off his CRV tokens. According to data from blockchain tracker Spot On Chain, Egorov sold 236,457 CRV today, earning approximately $108,000.
This isn’t a one-time event—since March 24, he has gradually offloaded around 3.083 million CRV, netting roughly $1.62 million at an average price of $0.527 per token. The steady sell-off suggests a calculated effort to capitalize on the market's upward trend.
Understanding the CRV Sell-Off
Curve Finance is a leading DeFi protocol focused on stablecoin trading. Its token, CRV, is central to governance and liquidity rewards.
Egorov’s ongoing token sales are drawing attention from the crypto community, particularly due to his key role in the project. While founders sometimes sell tokens for personal or operational needs, doing so during a market rebound can signal reduced long-term confidence to some observers.
Still, the crypto market is highly volatile, and wallet activity from major figures like Egorov is closely watched for potential price signals and shifts in sentiment.
Impact on CRV Investors
For holders of CRV, this pattern of selling may create short-term downward pressure on price. However, with the broader DeFi space recovering and Curve continuing to gain traction, the long-term outlook for CRV could remain positive.
This situation underscores how significant token holders—often called whales—can influence market behavior, and highlights the ongoing need for transparency and decentralization in the crypto world.
Originally reported by Coinomedia and shared by @WuBlockchain on April 8, 2025.
