The Fantom Foundation's associated wallet sold 357,108 CVX in the past hour, equivalent to about $1.15 million

BlockBeats reported that on June 28, according to Spot On Chain monitoring, a wallet associated with the Fantom Foundation sold 357,108 CVX tokens for 1.15 million USDT in the past hour, causing the price of CVX to fall by about 5%.

It is reported that the wallet spent $12 million to purchase 436,000 CVX tokens at an average price of about $28 in March 2022, and then sold these tokens for only about $3.38 ($1.49 million) in the past two years. That is, a loss of $10.7 million (-87.8%).