The founder of the Curve, Michael Egorov has sold another 9.5M Curve tokens (CRV) in the last 24 hours. He continues selling CRV for collecting funds to secure his stablecoin loans.
According to the latest data from Etherscan, Egorov has transferred a latest 9.5 million CRV to 6 different addresses. If he is still selling tokens at $0.4, the total amount is $3.8 million he gathered from this latest sale.
All the transfers Egorov did this time are seem to be individuals with the most 3.75M CRV sent to an address with 237.eth label. He sent 1.5M CRV to 0x73F8 and another 3 identical transactions of 1.25M CRV to other individuals.
Egorov has been selling CRV tokens since last week following the Curve exploit and a big dump in CRV’s market rate. It all spirally led to a potential risk of Curve founder’s liquidation on several DeFi loans.
He has sold a total of 114M CRV tokens with raising $45.6 million, according to an on-chain analyst, to recover his troubled borrowing positions on several protocols including Aave, Frax and Abracadabra.