CRV bottom chips, do you hold them?
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CRV founder was liquidated. Is it a good time to go bankrupt or buy at the bottom?
When the price of Curve Finance's token CRV fell to $0.42, Curve's founder Michael Egorov encountered liquidation pressure, and almost all of his 371 million CRV (worth about $156 million) used as collateral for stablecoin loans were liquidated. This incident caused major fluctuations in the DeFi lending market, with a total of nearly $128 million in crypto collateral liquidated, of which the Aave platform liquidated more than $24 million.
Following this news, a series of important movements in the on-chain market have emerged. An unknown wallet address i0xF07 recently deposited 29.62 million CRV tokens to Binance, worth up to $7.68 million. This whale seeks a stable solution. Binance quickly responded to market changes and integrated Curve Finance's token CRV into two leading Layer 2 solutions, Arbitrum One and Optimism. With this move, Binance aims to leverage the faster and cheaper trading capabilities provided by Arbitrum One and Optimism to provide its users with a crucial competitive advantage in the rapidly developing DeFi field. Will CRV continue to plummet or is there a huge opportunity? I think this is a good opportunity to hold some chips at the bottom. What do you think, Yuan Fang? Welcome to leave a message in the comment area #crv又要面临清算
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I will try my best to help you. I can’t guarantee that it’s 100% right, but at least it can help you avoid detours!
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When the price of Curve Finance's token CRV fell to $0.42, Curve's founder Michael Egorov encountered liquidation pressure, and almost all of his 371 million CRV (worth about $156 million) used as collateral for stablecoin loans were liquidated. This incident caused major fluctuations in the DeFi lending market, with a total of nearly $128 million in crypto collateral liquidated, of which the Aave platform liquidated more than $24 million.
Following this news, a series of important movements in the on-chain market have emerged. An unknown wallet address i0xF07 recently deposited 29.62 million CRV tokens to Binance, worth up to $7.68 million. This whale seeks a stable solution. Binance quickly responded to market changes and integrated Curve Finance's token CRV into two leading Layer 2 solutions, Arbitrum One and Optimism. With this move, Binance aims to leverage the faster and cheaper trading capabilities provided by Arbitrum One and Optimism to provide its users with a crucial competitive advantage in the rapidly developing DeFi field. Will CRV continue to plummet or is there a huge opportunity? I think this is a good opportunity to hold some chips at the bottom. What do you think, Yuan Fang? Welcome to leave a message in the comment area #crv又要面临清算
If you don’t know the direction, you can take the initiative to find me
I will try my best to help you. I can’t guarantee that it’s 100% right, but at least it can help you avoid detours!
How can you be a rose, keep the fragrance!
Comment 666 gives you the most accurate direction, we share information and fight the bull and bear together!
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
