Michael Egorov Dismisses Curve DAO Liquidation Claim, CRV Dips 13%

Curve DAO Token (CRV) faced a sharp price drop, leading to the liquidation of CurveFI founder Michael Egorov’s account. Recent reports showed that he lost 918.83K tokens worth $882.66K amid the 12% decline in CRV’s value over 24 hours. This liquidation highlights the risks of leveraging in volatile markets. In addition, the steep price fall reflects the challenges traders face during turbulent market conditions.