CandleFocus Michael Egorov Dismisses Curve DAO Liquidation Claim, CRV Dips 13%
2024-12-19
Author: Content Editor
Curve DAO Token (CRV) experienced a significant decrease in price, resulting in the liquidation of the account belonging to CurveFI founder Michael Egorov. Egorov lost nearly 919K tokens worth $882.66K due to a 12% decline in CRV's value in just 24 hours. This incident underscores the dangers of leverage in volatile markets and demonstrates the difficulties traders encounter in tumultuous market conditions.
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