According to Odaily, a user on platform X, known as @maid_crypto, reported suspicious trading activity involving the cryptocurrency CRV. The activity was linked to an address, suspected to belong to @Christianeth, which purchased 400,000 USDT worth of CRV from Curve founder Michael Egorov on June 21 at an off-market price of 0.107 USDT. The following day, all the purchased CRV was sold at a unit price of 0.333 USDT, causing a 5% drop in the CRV market.
Further, on June 28, the same address reportedly received an equivalent amount of CRV from the Curve founder again. This sequence of events has raised eyebrows among some blockchain analysts, who are closely monitoring the situation. The impact of these transactions on the overall CRV market is still being assessed. The identity of the person or entity behind the @Christianeth address remains unconfirmed.
