According to ChainCatcher, according to RootData market data, CRV briefly fell below $0.22 and is currently quoted at $0.27, a 24-hour drop of more than 26%.
According to on-chain analyst @ai_9684xtpa, the CRV lending position of the Curve founder has triggered liquidation, and the address 0xF07...0f19E is one of the main liquidators.
In the past hour, the liquidator liquidated 29.62 million CRV at an average price of $0.2549, spending a total of 7.55 million FRAX. Currently, all of these tokens have been recharged to Binance. His average recharge price is $0.2792, and if sold at this price, he will make a profit of $720,000.
As a liquidator, a more economical way may be to open a CRV short order on Binance (or borrow coins to sell) and then perform liquidation. In this way, the tokens obtained from liquidation are only used to close the short position (or repay the loan), without having to bear the profit or loss caused by the price fluctuations during the period. Therefore, the profit of US$720,000 mentioned above is for reference only, and the actual profit may be more.
