According to monitoring, a wallet associated with the Fantom Foundation sold 357,108 CVX for $1.15 million USDT in the past hour, causing the price to drop by about 5%.

The wallet spent $12 million to buy 436,000 CVX at about $28 in March 2022, and then sold these tokens at only about $3.38 in the past 2 years. That is a loss of $10.7 million (-87.8%).