The founder of CRV used collateralized loans to cash out, and then was liquidated again today, and the market paid the bill~
Currently the main news:
Ethereum core developer: The founder of Curve did not suffer "losses" due to the liquidation of CRV
The founder of Curve is being liquidated, and CRV has fallen 30.8% in 24 hours
The loan positions of the five addresses of the founder of Curve that pledged CRV have all fallen below the liquidation line
Let's talk about the difference between CRV and LUNA.
First, let's talk about the advantages:
1. CRV should not collapse like Luna;
2. CRV currently has $2 billion TVL on Curve;
3. New projects like puffer and ethena are still using curve;
4. This time, there is a certain probability that the founder of Curve took the initiative to trigger the cutting of leeks, and it is estimated that he will not completely abandon this project;
5. At that time, many OTC big players in CRV, such as Sun Ge, 👗BNB567888 Du Jun, etc. participated in the price of $0.4, and Wu Jihan also said that this project is a cryptocurrency infrastructure.
My personal analysis is that the founder of CRV made a huge profit from this liquidation. I guess he may have shorted CRV beforehand. If he took away $100 million, will he give up this egg-laying hen in the future?
