On-chain analyst Ember said a whale has transferred its entire 20.86 million CRV position to OKX after holding the tokens since June 2024. That month, Curve founder Michael Egorov’s CRV-backed lending position was liquidated on-chain, and CRV fell from $0.46 to $0.24, a 48% drop. During that sell-off, the whale bought 20.86 million CRV at $0.32 and kept the position even as the token later climbed as high as $1.2. According to the monitoring data, the wallet moved all 20.86 million CRV to OKX about one hour ago at a referenced price of $0.35, putting the transfer value at $7.33 million. Based on those figures, the position is sitting on a profit of about $530,000.
According to Odaily, on-chain analyst Ember said a whale transferred its full 20.86 million CRV position to OKX about one hour ago.
The position was built during the June 2024 sell-off
In June 2024, Curve founder Michael Egorov’s CRV lending position was liquidated on-chain. During that episode, CRV fell from $0.46 to $0.24, a 48% decline. Ember’s monitoring shows the whale bought 20.86 million CRV at $0.32 during that period and continued to hold the tokens.
The wallet held through a much higher price before moving funds
CRV later rose as high as $1.2, but the whale did not sell. Ember said the address has now moved all 20.86 million CRV to OKX at a referenced price of $0.35. The transferred tokens were valued at $7.33 million, with profit estimated at about $530,000.
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