According to ChainCatcher, Spot On Chain monitoring shows that a wallet associated with the Fantom Foundation sold 357,108 CVX tokens for 1.15 million USDT in the past hour, causing the price of CVX to fall by about 5%.

It is reported that the wallet spent $12 million to buy 436,000 CVX tokens at an average price of about $28 in March 2022, and then sold these tokens for only about $3.38 ($1.49 million) in the past two years. That is, a loss of $10.7 million (-87.8%).