Justin Sun Acquires 5 Million CRV from Curve Founder
posted 1 Aug 2023
![Justin Sun Acquires 5 Million CRV from Curve Founder Photo - Justin Sun Acquires 5 Million CRV from Curve Founder](https://s3.eu-central-1.amazonaws.com/gncrypto.news/photo-2023-08-01-14-04-54-16908879257TWJB.jpg)
Justin Sun has purchased 5 million CRV from Curve founder Michael Egorov via OTC transactions at a price of $0.4. This move is set to marginally enhance Egorov’s position in FRAX.Along with Justin, seven other addresses conducted OTC transactions with Michael Egorov at $0.4 per CRV.Currently, CRV trades at $0.59.Hopefully, the Curve founder can avert the liquidation of his position; otherwise, it could have a negative impact on a large number of protocols in the ecosystem.