**Alert! CRV liquidation crisis is coming! **

BlockBeats news, on June 13, according to Lookonchain monitoring, as the price of CRV fell, a user was liquidated on Fraxlend for 10.58 million CRV, equivalent to about 3.3 million US dollars.

More noteworthy is that Curve founder Michael Egorov's CRV lending positions have begun to be liquidated. His CRV lending positions on multiple addresses have fallen below the liquidation line, especially the lending positions on Inverse, where some CRV are being liquidated.

When the founder cannot avoid liquidation, it is definitely not a good sign. The CRV market is facing huge selling pressure and the outlook is worrying.

**Holders please note that the market has entered a high-risk zone, adjust strategies in time, and guard against liquidation risks! **

#CRV#LiquidationCrisis#Fraxlend#Cryptocurrency#MarketRisk#Curve#MichaelEgorov#Blockchain #BearishSignal