The CRV sold by Curve founder OTC may be "unlocked" within 2 weeks
On January 22nd, the CRV sold by Curve founder through OTC may "unlock" within two weeks. Previously, six months ago, the Curve founder conducted off-exchange transactions of CRV at an average price of $0.4 to repay on-chain borrowing. It was confirmed at that time that the tokens sold had a "commitment lock-up period" of six months. BlockBeats previously reported that since August 1st, 2023, when the Curve founder started selling CRV OTC, a total of 157 million CRV tokens have been sold to 33 investors/institutions, raising $62.96 million in funds. On August 23rd, 2023, Michael Egorov, the founder of Curve Finance stated that he believes CRV OTC buyers will comply with the six-month lock-up commitment and there will be no negative impact for those who violate it.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Smarter Web Company completes placement of 2.043 million ordinary shares, raising £2.612 million.
Alexander Choi reveals nearly one million dollars worth of crypto assets stolen
Barclays raises its forecast for Fed rate cuts this year to three times
Trending news
MoreCrypto prices
More
