The post CRV Price Drops Below $0.40 After OTC Transfer to Binance! appeared first on Coinpedia Fintech News
The price of Curve DAO tokens (CRV) dropped below $0.40 after tokens bought over-the-counter from the DeFi project’s founder, Michael Egorov, were transferred to Binance by one of his counterparties. The move left investors who bought CRV from Egorov at $0.40 with losses. The motivation behind the transfer remains uncertain, but the tokens were sent back a few hours later as the token price recovered slightly. The tokens were bought in August to reduce Egorov’s DeFi debt liquidation risks and were supposed to be locked for six months.
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks