PANews reported on August 9 that according to Lookonchain monitoring, an institution sold all 25 million $CRV at an average price of $0.22 per coin in the past three days, with a loss of $4.58 million.

Previously, the agency had purchased this batch of $CRV from Michael Egorov at an over-the-counter (OTC) price of $0.4 per coin, spending a total of $10 million.