In a curious twist of fate, the esteemed founder of Curve Finance, Michael Egorov, has once again stirred the pot of speculation, much like a chef who, in a fit of culinary passion, tosses ingredients into a boiling cauldron. On this fine Wednesday, March 26, he has chosen to part with nearly 2 million CRV tokens, bringing his total selloffs this week to a staggering 2.5 million. One might wonder, is this a strategic retreat or merely a whimsical dance with fate? 🤔
Curve Finance Founder Offloads Coins Amid Price Rally
Ah, the CRV price! It is currently on a delightful rally, boasting intraday and weekly gains of 12% and 23%, respectively. Yet, amidst this joyous ascent, Egorov’s selloff transactions have cast a shadow of doubt, like a cloud passing over a sunlit meadow, leaving market participants pondering the possibility of an impending dip. 🌧️
How Many Tokens Have Been Sold?
According to the ever-watchful Spotonchain on X, our dear Egorov has transferred 1.997 million tokens, valued at a modest $1.03 million, to the wallet address “0x5a8.” This address, in a rather entrepreneurial spirit, sold 1 million coins for 515,058 USDC at an average price of $0.515. Remarkably, it still clutches 997K tokens, as if they were precious jewels. 💎
Moreover, on March 24, Egorov sold an additional 468,769 tokens for 238,171 USDC at an average price of $0.508. One can only imagine the conversations these tokens must have had during their journey!
Why Were The CRV Tokens Sold?
Intriguingly, these tokens were acquired back in mid-December at an average price of $1.114. Alas, the initial investment now languishes at a loss of 54.6%. It seems that even the most astute investors can find themselves in a pickle! 🥒
While these selloffs occur amidst a price rally, one might speculate that they are a desperate attempt to mitigate losses. Yet, the broader market sentiments remain as gloomy as a rainy day in St. Petersburg.
CRV Price Overview
As of this very moment, the Curve DAO coin has defied the usual market sentiments, experiencing a delightful pump of 12%, reaching $0.5560. It seems to have risen from the depths of a $0.4927 low, much like a phoenix from the ashes. 🔥
Market analyst ‘CrediBULL Crypto’ has taken to X, revealing bullish projections despite the crypto’s sluggish performance. According to this sage, the CRV/XRP pair hints at a breakout for the Curve Finance token. How thrilling! 🎉
As XRP remains ensnared in a range, seeking a deviation below the lows, CRV appears poised for a pump, or so the analyst suggests. Yet, market watchers remain cautious, reflecting an uncertain approach towards this crypto, as recent developments have done little to clear the murky waters. 🌊
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2025-03-26 11:06