Manifold’s CRV Purchase Raises Questions After Losses – Experts Weigh In

Quantitative investment firm Manifold has been the subject of speculation after it’s believed to have secretly acquired Curve Finance (CRV) tokens. On-chain data suggests Manifold transferred $2 million in USDC, equivalent to 3.14 million CRV tokens, to Binance followed by an immediate withdrawal from their account. While the average purchase cost was calculated at $0.63 per CRV token, current market values have declined significantly since January 15, 2022, when the all-time high for CRV reached $2.39 billion.