Curve DAO Token

Token

Convex Finance

DeFi

<ul class="wp-block-list news-points"> 
 <li>Institutional investor suffers $4.5M loss selling 25M CRV tokens.&nbsp;</li> 
 <li>CRV price volatility highlights risks of crypto investments.&nbsp;</li> 
 <li>Convex Finance solidifies DeFi dominance amid Curve’s challenges.&nbsp;</li> 
</ul> 
An institutional investor incurred a heavy loss after selling<a href="https://x.com/lookonchain/status/1821748469717156300" target="_blank" rel="nofollow"> 25 million Curve</a> DAO Tokens (CRV) in the last three days. Data from Lookonchain revealed that the whale purchased the tokens from Curve Finance founder Michael Egorov at an over-the-counter (OTC) price of $0.40 per CRV, for a total of $10 million. 
Subsequently, they sold the entire 25 million CRV stash at an average price of $0.22, resulting in a loss of $4.58 million. The identity of the institution remains undisclosed. 
Curve, a decentralized exchange for stablecoins, had launched a decentralized autonomous organization (DAO), with <a href="https://coinedition.com/curve-dao-token-crv-price-prediction/">CRV</a> as its native token. This development underscores the inherent risk associated with holding a large position in volatile crypto assets. 
The subsequent price decline in the CRV token following the massive sell-off highlights the market’s sensitivity to such large-scale liquidation events. 
Meanwhile, Convex Finance, the DeFi protocol built on Curve, has solidified it…
The post <a href="https://coinedition.com/curve-dao-token-plunges-after-institutional-sell-off/">Curve DAO Token Plunges After Institutional Sell-Off</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Curve DAO Token Plunges After Institutional Sell-Off

Coin Edition

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