"The One Who Knows the Hills" Altcoin Founder Sold Again in His Own Token!
Michael Egorov, the founder of Curve Finance, has sold a total of 3.4 million CRV through his recent sales and continues to do so without slowing down.
Michael Egorov, the founder of Curve Finance, one of the leading projects in the decentralized finance (DeFi) world, continues to sell his CRV tokens. According to the latest data from Spot On Chain, Egorov has sold a total of 3 million 433 thousand CRV tokens for approximately 1 million 850 thousand dollars since March 24. The average price of these sales was around 0.539 dollars per token.
While the price of CRV has been declining, Egorov sold 138 thousand 500 CRV (98 thousand 900 dollars) and it has been reported that he has not made any purchases so far, only performing sales.
The most notable feature of Michael Egorov's sales is that they have generally been made at local peak points of the CRV price. Experts following the sales since March believe that Egorov's moves may put pressure on the token price.
The recent depreciation of CRV has increased concerns among investors about how Egorov's sales will affect the market. It remains uncertain whether Egorov will switch back to buying in the market.
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