According to Onchain data, the founder of this altcoin has started selling again!

According to Crypto currency on-chain data, it seems that Curve Finance (CRV) founder Michael Egorov is selling CRV again.

The data shows that Egorov recently transferred 1.99 million CRV tokens worth 1.03 million dollars to another wallet. Following this transfer, the receiving wallet made a sale of approximately 1 million CRV tokens worth 515 thousand dollars, with an average sale price of 0.515 dollars.

After the sale, approximately 997,000 CRV tokens worth about $514,000 remained in the cryptocurrency wallet to which Egorov transferred his funds.

Egorov, one of the influential figures in the world of decentralized finance, has a rather controversial past. After a hacking incident that occurred in previous periods, Curve Finance’s CRV token experienced a significant decline, and Egorov, who borrowed against CRV collateral, was left facing liquidation risk. During that time, prominent figures in the industry, such as Justin Sun, attempted to keep the token alive by purchasing a large amount of CRV at the $0.40 level.