Whale That Bought the Dip Amid 2024 CRV Liquidation Plunge Takes Profit Today, Transfers 20.86 Million CRV to OKX
1 hours ago
According to EmberCN’s monitoring, in June 2024, Curve founder Michael Egorov’s CRV lending position was liquidated, driving CRV’s price down 48% from $0.46 to $0.24. At the time, some large whales and institutions chose to sell off, while other funds took the opportunity to buy the dip. Notably, address 0x5dC6 purchased 20.86 million CRV at an average price of $0.32, holding onto the tokens even when CRV surged to $1.2 at the end of last year. EmberCN reports that this address took profits roughly an hour ago today, transferring all 20.86 million CRV (valued at around $7.33 million) to OKX at an average price of $0.35. Based on this sale price, the address has realized an approximate total profit of $530,000.
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