According to TechFlow, on June 30, Christian, co-founder of crypto fund NDV and NFT whale, responded on the X platform that the 400,000 USDT was not used to buy CRV, but to buy locked CVX. The CRV received was purchased before, and there was no dumping operation. The decline of CRV was due to the transfer of tens of millions of tokens by other whales for collateral.
According to previous news, according to X platform user @maid_crypto, some on-chain analysts pointed out that the address suspected to be Christian bought CRV worth 400,000 USDT from Curve founder Michael Egorov at an off-market price of 0.107 USDT on June 21, and sold all of it at a price of 0.333 USDT per unit the next day, causing the CRV market to fall by 5%. On June 28, he received the same amount of CRV from the Curve founder again.
