A wallet linked to Justin Sun acquired 5 million CRV tokens for $2 million from Curve’s Michael Egorov in a likely OTC deal.
While the exact nature and intent of these transactions remain under speculation, on-chain data hints at a possible off-platform deal with Egorov to purchase CRV tokens at a rate lower than the market price, specifically at $0.40 each.a partnership between Tron and Curve, seemingly confirming the connection. In a statement, Sun stated, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed.
This comes amid turbulence in the CRV market. It's value hit the $0.50 mark earlier today, a low point since November of the prior year, before rebounding to $0.59. At the same time, open interest in CRV-linked perpetual futures grew to over
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