CRV Dumps 50% In 1 Year: Founder’s Forced Liquidations A Pain For Holders

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Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst However, what’s known is that the series of forced liquidations and the scramble by the founder to offload CRV, which allowed him to be liquidated after the hack, forced prices even lower.

Curve Founder Forced To Sell $677,000 Of CRV, Token Falling After the forced liquidation in mid-June, which pushed prices below $0.30, data showed that the founder was also forced to sell CRV in the market to repay part of his loan.

Related Reading: Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO Through this initiative floated by Picasso Network, a pool of USDT on Solana and USDT on Ethereum was launched.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: CRVUSDT CRV Solana Michael Erogov Curve price Ethereum Curve CRV Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 19:00:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21786668

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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