The total number of CRV liquidated from the lending positions of Curve's founder is approximately 100 million, valued at about 27 million US dollars
On-chain analyst Yu Jing tweeted that most of Curve founder Michael Egorov's CRV lending positions have been liquidated. Since 10 a.m. today, the total number of CRV liquidated from Curve founder Michael Egorov's lending position is about 100 million, worth approximately $27 million.
After experiencing large-scale liquidation, Michael's main address still has 39.35 million CRV as collateral, borrowing about $5.4 million in stablecoins. As the current loan-to-value ratio has risen above 1, these collateral assets will not face further liquidation risk for now.
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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