BitcoinSistemi 2025-04-08 11:57:08

Founder of Decentralized Finance (DeFi) Protocol Continues to Sell His Own Tokens! Here's His Latest Sales Volume!

Michael Egorov, founder of decentralized finance (DeFi) protocol Curve Finance, has resumed selling his CRV tokens as crypto markets are in a modest recovery phase, according to on-chain monitoring platform Spot On Chain. Curve Finance Founder Continues CRV Token Sale, Sells $108K Amid Market Recovery On Tuesday, Egorov sold 236,457 CRV tokens worth around $108,000, marking his latest round of profit-taking after weeks of subdued activity. Spot On Chain data shows that Egorov has sold a total of 3.083 million CRV tokens since March 24 at an average price of $0.527 per token, generating approximately $1.62 million in revenue. Egorov’s latest sell-off comes as the broader cryptocurrency market is stabilizing following a sharp correction that saw Bitcoin drop below $75,000 and DeFi token prices come under pressure. Michael Egorov’s CRV token sale has been closely watched by the DeFi community given the founder’s significant holdings and the potential market impact of his transactions. In previous years, Egorov had sold large amounts of CRV and faced criticism from investors concerned about price pressure on the token. Curve Finance remains one of the largest decentralized exchanges (DEX) focused on stablecoin and liquidity pool trading, but CRV’s price performance has lagged behind broader market trends amid ongoing token unlocks and sell-offs. Despite Egorov’s recent sell-off, CRV’s price has shown relative resilience, holding above $0.40 as of Tuesday, reflecting improving sentiment in the crypto sector. While the token remains significantly down from its all-time high, it has benefited from renewed investor interest in DeFi protocols amid speculation of falling interest rates in the United States. *This is not investment advice. Continue Reading: Founder of Decentralized Finance (DeFi) Protocol Continues to Sell His Own Tokens! Here's His Latest Sales Volume!