Curve Finance founder Michael Egorov attracted the attention of investors with its recent CRV Token sales. As a result of the transactions that started on March 26, a total of 2.5 million CRVs were reported to be sold. Despite the increase in the price of CRV, these sales have created uncertainty among market participants. Investors started to follow the price movements closely.
Egorov’s sales move and transaction details
Within the scope of Michael Egorov’s transactions on March 26, approximately 2 million CRV Token was moved. This transfer was sent to a different wallet with a transaction worth approximately $ 1.03 million. 1 million of the transferred tokens were sold on the market for 515.058 USDC on the same day. After the sale process, the relevant wallet was still found to have 997 thousand CRV Token.
The fact that sales took place in a period when CRV price tends to increase, led to various speculation among investors. Some commentators suggest that this movement could damage investor confidence, while others considered it a strategic move. Especially in a period when CRV, which has been traded at low levels in recent months, started to attract attention again, such sales attract attention.
CRV Token gained 12 %value during the day. On a weekly basis, there was a 23 %rise. However, Egorov’s sales from the price levels in which it was damaged created new questions in the minds of investors. Tokenlar, which was taken from an average of $ 1,114 last year, has still experienced a loss of about 54.6 %.
Market reactions and analyst assessments
Despite the rise in the CRV price, Egorov’s sales caused a complex picture among market players. Although some investors see this as an opportunity, some people think Egorov is trying to avoid risk. These sales, which came with a sudden price increase, caused investors to reconsider their strategies.
CRIPTO MONEY ANALYSIS Credibull Crypto made a different assessment. According to the analyst, there are still positive signals for CRV Token. Credibull Crypto expressed that there may be a remarkable mobility in the CRV/XRP trading pair, and that investors should follow this parity closely.
The CRV rose from $ 0.4927 to $ 0.5560 during the day. This increase reflected both positive expectations and the perception of risk in the market. Investors began to take more careful and cautious steps in the face of this bilateral situation. The uncertainty in the market stands out, especially with the monitoring of large investor movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
