TechFlow reports, according to Lookonchain monitoring, that Curve Finance founder Michael Egorov has sold a total of 72 million CRV tokens at $0.40 per token via over-the-counter transactions to 15 institutions/investors, using the resulting $28.8 million to repay debts. Currently, he holds 374.18 million CRV (approximately $220.4 million) as collateral across five platforms, with $79 million in debt.
Egorov's selling activity coincides with a difficult period for the CRV token. Over the past month, its value has dropped by 22%, following security exploits affecting multiple factory pools on the platform.
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