Justin Sun, founder of the Tron (TRX) blockchain, announced that it has acquired approximately $5 million worth of Curve DAO (CRV).
Recently, an unknown CRV whale made $ 7 million in sales from the swap pool. The inability of buyers to meet the price brought about the big drop in CRV. Traded at $0.60 in the swap pool, CRV pinned to $0.10. Major stock markets, on the other hand, dropped by 22 percent. The latest development regarding the events came from the Tron front. Tron founder Justin Sun announced that he bought a $5 million CRV with an average of $0.40.
“Excited to help Curve”
Explaining that he purchased a total of $5 million worth of CRVs with an average of $0.40, Justin Sun said in a social media post he shared, “I’m excited to help Curve. As committed partners, we will provide support when needed.” said.
Tron founder, who took a supportive step on behalf of Curve Finance, stated that liquidity studies will be carried out to increase the advantages of Curve investors. Indicating that he also aims to strengthen the community and achieve success in decentralized finance, Sun announced that he will contribute to activities in these areas. The next moves of Sun, which is a medicine for CRV in terms of both fundamental and technical analysis, are eagerly awaited.
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