Last time, the founder also mortgaged a large amount of CRV to the lending application to lend stablecoins, which caused a lot of panic.
At that time, it was estimated that if CRV was liquidated, it would even cause AAVE, which had mortgaged a large amount of CRV, to fail to liquidate in time, resulting in AAVE debt.
Fortunately, at the critical moment, several well-known players privately bought tens of millions or hundreds of millions of CRV tokens in batches at a price of about US$0.5, avoiding the imminent liquidation.
But this time, CRV was not so lucky.
The most essential problem reflected by these two incidents is that the project founders themselves have no confidence in the tokens of their own projects. How far can such a project go in the future?
Will the price of CRV go back in the future?
I think it is possible that it will, especially when the bull market really comes, the sector rotation will most likely benefit the DeFi sector, and CRV will also benefit when DeFi rises generally.
But it is difficult to estimate how much CRV can rise.
The current price of CRV is more attractive. Is it worth buying?
I think there is a prerequisite for judging whether a project is worth buying: that is, at least I am optimistic about the project at the moment, and then I will see whether its price is cheap enough?
