Curve Finance’s native token, CRV, has broken the $1 threshold, sparking comparisons to the dramatic events of June when Curve’s founder faced liquidation.
During that time, the founder sold 30 million CRV tokens to Christian (@Christianeth) via an over-the-counter (OTC) deal.
CRV 突破 1 刀！想起了六月 Curve 创始人遭受清算时，曾将 3000 万枚 $CRV 以 OTC 形式卖给 Christian(@Christianeth)
OTC 价格并未公布，若以分批交付价 $0.28787 估算，这部分 CRV 已浮盈超 2433 万美金，回报率超 291%！🤩
尽管链上显示他曾向币安充值过 CRV，但其本人发推表示从未有过出售行为 https://t.co/csEUY0Ckvo pic.twitter.com/v4nPNTgZXO
— Ai 姨 (@ai_9684xtpa) December 4, 2024
While the exact OTC price remains undisclosed, estimates based on a batch delivery price of $0.28787 suggest that Christian’s holdings have generated a floating profit of over $24.33 million—a staggering 291% return. Despite on-chain data indicating that Christian has since deposited CRV into Binance, he has publicly stated that he has not sold his tokens.
The rally has also reignited discussions around the wrapped versions of CRV, such as $cvxCRV. During the bear market, many investors converted their CRV into these wrapped tokens, which represent long-term staked or locked assets. However, as CRV’s price has surged, these wrapped tokens have exhibited signs of “decoupling.”
2/ 熊市中的幸存者：
许多人在熊市期间将 $CRV 转换成包装代币，例如 $cvxCRV。但在这次价格上涨期间，这些包装代币出现了脱锚现象。有观点认为，这不是“脱锚”，而是长锁期资产与短期热潮的合理定价。— haowi.eth🦙🦙🦙🚀🚀🚀 (@HaowiWang) December 4, 2024
While some attribute this divergence to mispricing, others argue that it reflects the market’s rational differentiation between long-term locked assets and the short-term speculative frenzy driving the current rally.
CRV’s price movement highlights a shifting market sentiment and renewed interest in decentralized finance (DeFi). With key stakeholders like Christian holding significant positions and market dynamics evolving, CRV’s future trajectory remains a focal point for investors navigating this volatile yet promising sector.
As Curve continues to play a pivotal role in DeFi, the token’s performance could serve as an indicator of broader trends in liquidity management and decentralized exchange growth. For now, CRV’s journey past $1 has reaffirmed its resilience and potential in the rapidly changing crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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