In 2024, the whale that bottom-fished during the CRV liquidation crash took profits today, transferring 20.86 million CRV to OKX.

BlockBeats News, September 5 - According to EmberCN monitoring, in June 2024, Curve founder Michael Egorov's CRV lending position was liquidated, causing the CRV price to drop from $0.46 to $0.24, a decline of 48%. At that time, some whales and institutions chose to sell off, while other funds took the opportunity to buy the dip.

Among them, address 0x5dC6 had purchased 20.86 million CRV at an average price of $0.32 and held onto it ever since, even when CRV surged to $1.2 at the end of last year without selling.

EmberCN stated that this address chose to take profits about 1 hour ago today, transferring all 20.86 million CRV (approximately $7.33 million) to OKX at a price of around $0.35. Based on this selling price, its cumulative profit amounts to approximately $530,000.