CRV Price Crashes 30% As Curve Founder Faces Massive Liquidation

In an unprecedented turn of events, the Curve DAO (CRV) price recently crashed almost 30%, setting off bearish waves across the crypto industry. The token plummeted from a soaring $0.35 price level to a slumping low of $0.27 as massive liquidations triggered a domino of bearish events. Notably, Curve Finance’s founder, Michael Egorov, is being liquidated millions worth of CRV tokens on numerous DeFi platforms amid this crash, per data from numerous on-chain platforms. This follows Arkham’s revelation of a looming $140 million CRV liquidation.