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.