Big Brother Ma Ji bought $1.5 million worth of CRV at a discount, locking up a total of 3.75 million CRV. Mr. Block salutes.
Curve founder Egorov's CRV liquidation crisis was alleviated with the help of TRON founder Justin Sun, and billionaire investor Huang Li Cheng, who purchased CRV at a discount via OTC to assist. This allowed Egorov to increase the health factor of his Aave loan to 1.64 and repay debts on other protocols. Learn more about the CRV loan liquidation crisis.
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Justin Sun, Huang Licheng, and Others Buying CRV at a Discount OTC to Support Curve
According to on-chain data, many individuals and institutions have been buying CRV at a 0.4 discount over the counter (OTC), such as Justin Sun, Huang Licheng, and market maker DWF Labs.
The Curve OTC War updates:
17.5M CRV to 0xf51
5M CRV to Justin Sun
4.25M CRV to DCFGod
2.5M CRV to Ox4d3
2.5M CRV to DWF Labs
2.5M CRV to Cream: Multisig
1.25M CRV to 0xcb5
3.75M CRV to machibigbrother.eth
250k CRV to 0x9bf— Sandra (@sandraaleow) August 1, 2023
Huang Licheng Buys CRV in Bulk and Locks It Up, Mr. Block Cheers
Huang Licheng bought $1.5 million worth of CRV from Egorov at a cost of 0.4, receiving 3.75 million CRV, and has locked it up in the Curve protocol for six months, showing support for the protocol.
Mr. Block, the Asia ambassador for Curve, highly praised the move: "Respect"
