Today, many brothers are discussing that CRV is about to reach the liquidation point. Will it become the protagonist of this black swan like LUNA?

[Sad face]

Here, Brother Shijie will explain to you that CRV is different from the old LUNA. It is not so easy to collapse. Even if it collapses, it is impossible to have the same effect as LUNA.

First, Luna is like that because it is decoupled from the stablecoin UST. CRV itself is not linked to anything, and there is no such thing as a death spiral.

Second, the liquidation point last year was around 0.4. He would sell chips outside the market instead of directly investing in the market.

Third, CRV’s current market value is only more than 500 million US dollars. The previous highest point of LUNA was 119 US dollars, which was the top three in the crypto market value except for stablecoins. To put it bluntly, CRV’s current market value is too small and its size is not enough.

It is difficult to really bring down the entire market.