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You can also read this news on COINTURK NEWS: Traders Address CRV Coin Decline
We had forgotten this excitement for a while, and those chasing speculative trades took action to remind the old and introduce the new. During downturns, we sometimes see a serious operation targeting the CRV founder. Fear spreads on social media to liquidate Mich. The scenario is clear afterward.
CRV Coin Latest News
CRV Coin, which briefly fell by over 20%, weakened due to the risk of selling $140 million worth of tokens. Previously, rumors had spread about a CRV collapse due to the Curve founder’s DeFi debt following general declines in cryptocurrencies. The founder, who collateralized $140 million CRV for the DeFi debt, resolves the issue by paying off the debt or adding collateral when the token’s price approaches the liquidation figure.
The FUD phase occurred, and now it has been announced that 93% of the debt has been paid, eliminating the risk of CRV liquidation (the $140 million collateral). Naturally, we may see a slight increase in the CRV Coin price.
The altcoin, which bottomed at $0.28 and fell to $0.219 daily, has now returned to $0.3. If things go well, $0.35 can be reclaimed soon.