According to Odaily, NextGen Digital Venture partner Cchristian2022.eth has refuted allegations of market manipulation. The accusations were based on a previous analysis suggesting that he had purchased $400,000 worth of CRV from the founder of Curve and sold it the next day, causing a market downturn.
Cchristian2022.eth clarified in a post on platform X that the $400,000 was not used to buy CRV but locked CVX. He further stated that the CRV he received was from a previous purchase and denied causing a market crash. He explained that the downturn was due to other whales transferring tens of millions into the market, which was used to repay collateral.
Earlier, a user on platform X, @maid_crypto, had reported that an on-chain analyst suspected that @Christianeth had bought CRV worth $400,000 USDT from the Curve founder on June 21 at an off-market price of 0.107 USDT. The CRV was then allegedly sold the next day at a unit price of 0.333 USDT, causing a 5% drop in the CRV market. On June 28, @Christianeth reportedly received an equal amount of CRV from the Curve founder again.