CRV sold by Curve founder OTC may be unlocked within 2 weeks

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Cointime2024/01/22 04:50

By:Cointime

On January 22nd, it was reported that CRV sold by the founder of Curve through OTC may be unlocked within 2 weeks. The founder of Curve previously conducted OTC transactions of CRV 6 months ago at an average price of $0.4 to repay on-chain loans. It was confirmed at the time that the tokens sold had a 6-month lock-up period. Previously reported on August 23rd, Michael Egorov, the founder of Curve Finance, stated that he believes CRV OTC buyers will adhere to the 6-month lock-up commitment and that there will be no negative impact for those who violate it. Since August 1st, the founder of Curve has sold a total of 157.4 million CRV tokens to 33 investors/institutions, raising $62.96 million in funds.

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