According to BlockBeats, on June 30, Christian, co-founder of crypto fund NDV and NFT whale, posted on social media that the 400,000 USDT was not used to buy CRV, but to buy locked CVX. The CRV he received was purchased before, and there was no market crash. The decline was due to the transfer of tens of millions of tokens by other whales, who transferred them into the exchange to serve as collateral.
Previously, some on-chain analysts pointed out that the address suspected to be Christian bought CRV worth 400,000 USDT from Curve founder Michael Egorov at an over-the-counter price of 0.107 USDT on June 21, and sold all of it at a unit price of 0.333 USDT the next day, causing CRV to fall by 5%. On June 28, he received the same amount of CRV from the founder of Curve again.
