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.
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