Curve’s CRV Token Plunges 30% Amid Liquidation Risks

Curve’s CRV token plunged 30% in early Asian trading hours as some loan positions tied to its founder, Michael Egorov, started to automatically liquidate. Egorov’s addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins against $140 million in CRV collateral, leading to sudden selling activity. Read more on CoinDesk.