{"id":545709,"date":"2023-08-03T21:00:26","date_gmt":"2023-08-03T21:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=545709"},"modified":"2024-06-11T14:39:18","modified_gmt":"2024-06-11T14:39:18","slug":"crv-price-recovers-from-6-month-lows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crv-price-recovers-from-6-month-lows\/","title":{"rendered":"CRV Price Recovers From 6-Month Lows, What\u2019s Driving The Price?"},"content":{"rendered":"
Curve Finance\u2019s native token CRV has recovered from a 6-month low, and many believe that the news of Huobi co-founder Jun Du buying CRV tokens has contributed to it.\u00a0<\/span><\/p>\n
Jun Du bought 10 million tokens valued at $4 million from Micheal Egorov, founder of Curve. Egorov had offered his tokens for sale to bolster his at-risk loan positions, primarily for borrowing stablecoins using CRV tokens as collateral.\u00a0<\/span><\/p>\n
Some Positives For Curve Finance Despite Hack<\/h2>\n
Curve Finance, one of the biggest DeFi protocols on the Ethereum blockchain, recently saw its in-house CRV price recover about 25% at the start of the month. It had previously dropped by 35% between July 30-31 following the panic selloff spearheaded by Curve Finance\u2019s $47 million <\/span>exploit<\/span><\/a>.\u00a0<\/span><\/p>\n