Curve Finance founder Michael Egorov has announced that he has sold 106 million Curve DAOs (CRVs) for $42 million.
Fighting liquidity problems, Curve Finance has not yet overcome the critical period. On the other hand, the fact that the founder of the company continued to sell tokens increased the danger dimension. In addition to the 72 million Curve DAOs (CRVs) it sold to various organizations until August 4, Egorov has sold 34 million more CRVs as of today.
Onchain data of recent sales has been published
According to onchain data shared by Nansen analyst Sandra Leow, Egorov sold 106 million CRVs in total, generating a total revenue of $42 million. According to Leow, the Curve Finance founder cited recent sales to Wintermute (12.5 million CRV), Llanero (0.27 million CRV) and a former DAI official (6.25 million CRV).
Egorov, who sold a total of 106 million CRVs for $42 million with today’s token sale, has put the entire crypto ecosystem at risk, not just the Curve DAO. The company, which cannot provide sufficient liquidity in swap pools, may face bigger problems in the coming days.
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