Curve Finance Founder Offloads CRV amid Token & Market Recovery

Michael Egorov, founder of Curve Finance, has recently sold significant amounts of CRV tokens over the past few months. This comes as the token and broader crypto market see a resurgence following recent volatility. The market recovery is evident in Bitcoin’s rebound to around $80K after touching $74K earlier this week. Despite some sectors showing stagnation, Curve DAO Token (CRV) has shown significant price movement despite Egorov’s recent offloading of tokens. 185,436 CRV tokens worth approximately $86,32 K are currently held by the founder. Notably, Egorov sold a sizable chunk of CRV on April 7th, following a period of continuous selling throughout March and even before that. These sales have often been linked to bearish market sentiments in the past. While the recent price recovery may raise questions about Egorov’s intentions, the market currently shows signs of positive momentum. On April 6th, CRV experienced a 9.73% increase, trading at $0.4600 as per CoinMarketCap data. The token is showing potential for further growth if bullish momentum continues, even though its weekly chart reveals a 12.94% price drop.