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CryptoGlobe 2024-06-13 16:27:00

Curve ($CRV) Price Drops 20% Amid Liquidation of Founder’s Leveraged Positions

The price of Curve DAO token ($CRV), a key player in the decentralized finance (DeFi) space, plummeted by 20% after leveraged positions said to be held by the protocol’s founder, Michael Egorov, started being liquidated, leading to significant selling pressure. According to blockchain analytics firm Arkham Intlligence, Egoov’s addresses have borrowed $95.7 million worth of

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