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Justin Sun, founder of Tron, has transferred $35 million of various tokens (mostly #ЛюбимыйТокен assets) to #Binance over the past week.
These transfers indicate that Sun may be trying to increase Curve Finance's liquidity.
Curve Finance's #CRV tokens have plummeted in value due to the liquidation of the founder's loan.
Justin Sun, the founder of Tron, has transferred a significant amount of cryptocurrency - $35 million in 12 different tokens - to Binance over the past week. These tokens are mostly made up of DeFi assets, indicating Sun's intention to provide liquidity to Curve Finance. %%%%%%
3.45 million $ETHFI ($12.05 million) - claimed on airdrop. %%%%%%
- 6.22 million $CRV ($1.96 million) - $5 million of this amount was purchased for $0.4 from Curve's founder via OTC last August.
According to blockchain data, Sun's most recent deposit on Binance included $3.45 million worth of ETHFI ($1.25 million total), which was reportedly received via airdrop.
In addition, there were $6.22 million CRV transfers ($1.96 million remaining). Of that, $5 million of CRV came from an OTC transaction last August, purchased directly from a wallet linked to Egorov, the founder of Curv Finance, at a discounted price of $0.4 per token.
Finally, $333,000 in other DeFi tokens were also transferred, including SCVX, SMATIC, SGAL, SWOO, $PROS and $BTC These transfers followed Sun's previous purchase of another 5 million CRV tokens directly from Egorov's wallet. The price drop suggests that Sun may be trying to prevent the liquidation of loans related to the Curve founder, which was triggered by the CRV price drop.
On Thursday, lending protocol Curve Finance saw the price of its CRV token plummet due to the automatic liquidation of loans linked to its founder Mikhail Egorov.
According to analyst firms Lookonchain and Arkham, Mr.
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