According to Odaily, 0xSifu, a prominent figure in the cryptocurrency world, has reportedly purchased 1.37 million CRV tokens at an average price of 0.2184 USDT, spending a total of $300,000. This move comes as 0xSifu's short position on CRV on UwULend stands at 15 million tokens.
Before the liquidation of CRV, 0xSifu withdrew 6 million crvUSD from Curve LlamaLend, which resulted in an increase in the borrowing rate of Michale Egorov. It is worth noting that UwU Lend is a lending protocol launched by 0xSifu, who previously served as the CFO of Frog Nation.
The UwU Lend project is a fork of Aave and supports the lending of the algorithmic stablecoin MIM. This strategic acquisition by 0xSifu is seen as a significant move in the crypto market, demonstrating his confidence in the potential of CRV tokens.