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The DeFi Boss Started Selling His Own Altcoin, Which He Bought Months Ago, at a 50% Loss! - Coin Bulletin
The founder of Curvefi, Michael Egorov, sold 468,769 CRV for 238,171 USDC at a price of $0.508 9 hours ago, incurring a significant loss.
On Dec. 17 and Dec. 18, 202, Michael Egorov, founder of Ethereum-focused decentralized finance (DeFi), received 1,226 million CRVs at an average price of 1,114. However, this investment has now lost approximately $745,000 and has lost -54.6% of its value.
Egorov's sale draws attention as one of the significant losses in recent times. Egorov, who attracted attention with his purchases on December 17, made an investment of 1.37 million dollars by buying 1.226 million CRV. However, this investment has currently lost about half of its value.
Decentralized finance (DeFi) protocol Curve Finance’s (CRV) CEO Michael Egorov’s massive position faced liquidation risk again last year. The declines in the cryptocurrency market put Egorov's position at risk.