🚨 CRV liquidation leads to crvUSD premium, Wintermute makes $630,000 profit
According to BlockBeats, on June 13, on-chain data analyst @ai_9684xtpa monitored that due to the impact of CRV liquidation, crvUSD showed a positive premium this morning, rising to $1.07. Wintermute seized the opportunity and sold 9.29 million crvUSD for USDC at an average price of $1.06779, making a profit of about $630,000. This part of crvUSD was bought yesterday morning at an average price of about $0.9984. 📉
💡 Wintermute's arbitrage operation
Wintermute successfully seized the arbitrage opportunity in the market volatility caused by CRV liquidation. By selling at a premium on crvUSD, it made a profit of $630,000. This operation shows the importance of quick response and accurate judgment in market fluctuations. 📊
🔍 Market impact of CRV liquidation
According to Odaily Planet Daily, Ethereum core developer eric.eth said that the founder of Curve did not suffer "losses" from the liquidation of CRV. He gained $100 million from a CRV position worth $140 million. If sold on the market, it may lead to similar prices and cause dissatisfaction in the community. 📈
