- Curve founder Egorov sold 3.08M CRV worth $1.62M since March 24 during market rebounds.
- Egorov’s sales consistently aligned with local price peaks, averaging $0.527 per CRV token.
- His wallet now holds $86K in assets, with 185K CRV and minimal balances in ETH, USDT, and BNB.
Michael Egorov, founder of Curve Finance, has sold his CRV tokens amid market strength. Since March 24, Egorov has sold over 3.08 million CRV worth approximately $1.62 million, executing the sales at an average price of $0.527 per token.
According to SpotOnChain data, Egorov resumed selling on April 8 with a transfer of 236,457 CRV for $107,906. This followed earlier transactions on April 4 totaling 107,300 CRV, worth $53,191, and another smaller sale on April 2 and 3, which amounted to 16,000 CRV combined.
Further data revealed that Egorov consistently sold at local price highs during this period. CRV traded between $0.44 and $0.62 over the past two weeks, and most of the sales aligned with the upper end of that range.
His previous major transactions include sales of 1.05 million, 1.18 million, and 468,769 CRV. All were executed at different peaks, indicating strategic exits. Egorov has not made any new token purchases during this time but focused on liquidating CRV holdings while prices remained favorable.
As of writing, Egorov’s wallet holds 185,532 CRV, valued at $84,541. His total portfolio is now worth around $86,300. Other assets include 0.809 ETH, 268 USDT, 92 CRVUSD, and a small amount of BNB.
Meanwhile, the CRV token rose 10.91% in the last 24 hours, trading at $0.4520. Its market cap is now $593.49 million, ranking in the 82nd position by size. Trading volume increased to $221.11 million, showing stronger activity during the rally.
Related: Vitalik Buterin Offloads Tokens, Backs Zuitzerland with ETH
Curve DAO Token has seen increased volatility in recent weeks. Egorov’s sales suggest a strategy to reduce exposure while capturing short-term gains. He has not commented publicly on the sales.
Curve Finance remains a key player in decentralized finance. Its token, CRV, is used for governance and liquidity incentives. Market participants continue to monitor the wallet activity of major holders like Egorov.
Despite Egorov’s consistent selling, CRV has rebounded from its recent lows. The token gained momentum during the broader crypto market recovery. However, large holder movements can influence short-term price trends.
With CRV back above $0.45, traders are watching closely for the next price moves. Egorov’s selling patterns may remain a factor in determining near-term sentiment around Curve DAO Token.
