Justin Sun moved 6.22 million Curve Finance (CRV) tokens, bought last year, to Binance, incurring a significant loss.
Justin, one of the wealthiest executives in the industry, has been identified as shorting an altcoin based on cryptocurrency onchain data.
Justin Sun transferred 6.22 million Curve Finance (CRV) tokens to the cryptocurrency exchange Binance, as indicated by Onchain data. These tokens are currently valued at $2.07 million.
In August of last year, the embattled Curve founder acquired 5 million of these tokens at a price of $0.4 each.
The CRV token price experienced an abrupt decline as a result of the latest liquidation threat faced by Curve’s founder. The current price of CRV is $0.31 at the time of this article.
In other words, Justin Sun sold the tokens at a loss, which he had previously acquired in an over-the-counter (OTC) transaction at a price of $0.4.
According to onchain data, Justin Sun transferred minor quantities of MATIC, TRU, GAL, PROS, and WOO tokens to Binance, in addition to CRV tokens. $88 thousand was the MATIC transfer, which was the greatest.
