Michael Egorov, founder of Curve Finance, purchased approximately 1.08 million $CRV tokens at an average price of $1.114 today, for a total value of approximately $1.2 million.

This is Egorov's first buyback since the liquidation event on June 13, 2024.

Previously, in August 2023, Egorov sold 106 million CRV for $46 million in a transaction to reduce potential liquidation risk associated with his DeFi loans.