The post CRV Price Drops Below $0.40 After OTC Transfer to Binance! appeared first on Coinpedia Fintech News

The price of Curve DAO tokens (CRV) dropped below $0.40 after tokens bought over-the-counter from the DeFi project’s founder, Michael Egorov, were transferred to Binance by one of his counterparties. The move left investors who bought CRV from Egorov at $0.40 with losses. The motivation behind the transfer remains uncertain, but the tokens were sent back a few hours later as the token price recovered slightly. The tokens were bought in August to reduce Egorov’s DeFi debt liquidation risks and were supposed to be locked for six months.

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