TechFlow reports, according to on-chain analyst Yujin's monitoring, the 6-month lock-up period for CRV tokens sold OTC last August by Curve founder Michael Egorov has ended today.
The first buyer to transfer out CRV after the lock-up period is Machi Big Brother (machibigbrother.eth). He redeemed 3.75 million CRV (worth approximately $1.75 million) purchased via OTC from Curve and transferred them to Binance 15 minutes ago.
Having spent 1.5 million USDT last August to buy at an average price of $0.4 per CRV, selling now would realize a profit of $250,000 (+16%).
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