TechFlow news, according to The Block, Huobi co-founder Du Jun has purchased 10 million CRV tokens worth approximately $4 million from Curve founder Michael Egorov and locked the tokens into veCRV.
Du Jun initially stated on Twitter that he wanted to buy 10 million CRV at a price of $0.4 per token, which was the current over-the-counter price between Egorov and a group of cryptocurrency individuals. Du Jun confirmed via Twitter direct message that he completed the purchase and has locked the tokens as veCRV.
"I will lock them for at least one year, and I hope Curve continues to grow stronger," he said.
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