The Curve (CRV) token has been in free fall ever since the Sunday re-entrancy exploit that saw tens of millions of dollars stolen from the protocol. However, while most have shied away from the altcoin, expecting it to fall further, the likes of Tron founder Justin Sun seem to have taken its current downtrend as an opportunity to snap up CRV tokens for cheap.
5 Million OTC Deal For Curve Token
On Tuesday, the on-chain data tracking website Lookonchain highlighted a couple of peculiar transactions that had taken place between Tron founder Justin Sun and Curve founder Michael Egorov. This involved the movement of USDT and CRV tokens back and forth between the public addresses of both founders.
The first transaction originated from Justin Sun’s address where he transferred a total of 2 million USDT to Egorov’s Curve.fi Founder 1 wallet. And then about three minutes later, the Curve.fi Founder 1 wallet sent back a total of 5…