Justin Sun Buys $2.9M in CRV Tokens
Justin Sun’s wallet reportedly withdrew 2 million USDT from the Aave network, and transferred it to Mikhail Egorov, the head of the Curve Finance DeFi protocol in exchange for 5 million CRV (~$2.9 million at the time of writing).
Analysis from PeckShield indicated the purchase was made at a price below the market rate ($0.4/CRV).
In conjunction with this event, Sun announced an agreement between Tron and Curve, which will include a liquidity pool for stUSDT.
The partnership comes with Sun’s commitment to support Curve:
“As long-term partners, we remain committed to providing support when needed. Our joint efforts will enable the implementation of the stUSDT pool on Curve, increasing the benefits for users. Together we strive to empower the community and create decentralized finance.”
Additionally, Lookonchain detected the sale of 4.25 million CRV to DCFGod, 3.75 million CRV to NFT collector Machi Big Brother, 2.5 million CRV to DWF Labs, and 2.5 million CRV to Cream.Finance protocol by Egorov.
