Last time, the founder of CRV pledged a large number of tokens in a lending application to borrow stablecoins, which caused a lot of panic in the market.
At that time, some analysts predicted that if the price of CRV fell to the liquidation line, not only would CRV itself face liquidation risks, but even AAVE, which had pledged a large amount of CRV, might not be able to liquidate in time due to a chain reaction, thus causing AAVE's debt problem.
Fortunately, at a critical moment, some well-known players privately purchased tens of millions or even hundreds of millions of CRV tokens at a price of about $0.5, thus avoiding the imminent liquidation risk.
However, this time CRV may not be so lucky. These two incidents reflect a fundamental problem: if even the founders of the project lack confidence in their project tokens, how far can such a project go in the future?
This situation may deal a blow to investor confidence and raise concerns about the long-term sustainability and development potential of the project. In the cryptocurrency market, confidence and trust are essential to the stability and growth of the project. If the founder's behavior shows uncertainty or doubt about the future of the project, this may have a negative impact on market sentiment and may cause investors to withdraw.
