According to PANews, Curve founder Michael Egorov has made a significant move in the cryptocurrency market by purchasing 1.08 million CRV tokens at an average price of $1.114, totaling approximately $1.2 million. This transaction marks Egorov's first major buyback of CRV tokens since a liquidation event on June 13.
The purchase comes amid a notable decline in the value of CRV, which has seen a decrease of about 7.8% over the past 24 hours. Egorov's acquisition of CRV tokens suggests a strategic move to bolster his holdings in the decentralized finance (DeFi) sector, particularly in light of the recent price drop. The transaction was monitored by Spot On Chain, highlighting the ongoing interest and activity in the CRV market.
