Curve DAO Token

Token

<ul class="wp-block-list news-points">
 <li><strong>CRV faces liquidation pressure, but stolen tokens complicate market evaluation.</strong></li>
 <li><strong>Bearish indicators suggest potential further declines for CRV in the short term.</strong></li>
 <li><strong>Long-term outlook remains optimistic, with CRV predicted to reach $1.75 by 2030.</strong></li>
</ul>
<p>Curve DAO Token (CRV) faces significant market pressure following a recent liquidation event. According to PeckShieldAlert <a href="https://x.com/PeckShieldAlert/status/1869578495472615518" target="_blank" rel="noopener noreferrer nofollow">data</a>, an address labeled Michael Egorov was liquidated for 918.83K CRV, valued at $882.66K.</p>
<p>However, this liquidation is unusual because the <a href="https://coinedition.com/curve-dao-token-buy-the-dip-or-wait-for-the-bounce/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">CRVs</a> backing the position were stolen during the uwu hack in June. So these tokens are not genuine CRVs but instead are a “receipt of Sifu’s promise to repay the hacked funds.” Despite this, the market continues to assess CRV’s future potential.</p>
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   <p lang="en" dir="ltr">There are no CRVs backing this position (they've been stolen from me during uwu hack in June 10). So, in this sense, they are not real CRV but a "receipt of Sifu's promise to repay the hacked funds"</p>— Michael Egorov (@newmichwill) <a href="https://twitter.com/newmichwill/status/1869641054670160249?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 19, 2024</a>
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<h2 class="wp-block-heading" id="h-current-market-overview-and-technical-indicators">Current Market Overview and Technical Indicators</h2>
<p>As of press time, the price of Curve DAO Token is<a href="https://coinmarketcap.com/currencies/curve-dao-token/" target="_blank" rel="noopener noreferrer nofollow"> $0.942348</a>, with a 24-hour trading volume of $512 million. Howev…</p>
<p>The post <a href="https://coinedition.com/curve-dao-token-faces-market-pressure-after-latest-liquidation/" rel="noopener noreferrer nofollow">Curve DAO Token Faces Market Pressure After Latest Liquidation</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Curve DAO Token Faces Market Pressure After Latest Liquidation

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