CRV whale deposits 20.86 million tokens to OKX after realizing $530,000 profit

  • Address 0x5dC6 transferred 20.86 million CRV tokens to OKX.
  • The position was valued at about $7.33 million and generated roughly $530,000 profit.
  • The address bought CRV at an average $0.32 after Michael Egorov’s loan liquidation.

Address 0x5dC6 transferred its entire 20.86 million CRV holding, valued at about $7.33 million, to OKX at roughly $0.35 per token, according to on-chain analyst EmberCN. The address bought the tokens at an average $0.32 in June 2024 after CRV plunged during the liquidation of Curve founder Michael Egorov’s loan position. CRV fell from $0.46 to $0.24, a 48% decline, during that episode. The address held through CRV’s later rise to $1.20 and then sold the position, recording cumulative profit of about $530,000.

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