BlockBeats News, September 5. According to EmberCN, on June 5, 2024, Curve founder Michael Egorov's CRV lending position was liquidated, causing the CRV price to drop from $0.46 to $0.24, a 48% decrease. At that time, some whales and institutions chose to sell off, while some funds took the opportunity to buy the dip.

Notably, the address 0x5dC6 had bought 20.86 million CRV tokens at an average price of $0.32 and had been holding ever since, even when CRV briefly surged to $1.20 at the end of last year.

EmberCN stated that about 1 hour ago, this address decided to take profit by transferring all of its 20.86 million CRV tokens (worth about $7.33 million) at around $0.35 to OKX. Based on the selling price, the total profit from this transaction is approximately $530,000.