Curve DAO (CRV) Attracts Investor Attention Amid Whale Activity

Amid continuing recovery, Curve DAO (CRV) is attracting investor attention due to whale activity in its market. Data from crypto analyst Spot on Chain highlighted that the founder of Curve DAO, Michael Egorov, sold huge amounts of CRV tokens, a move that is likely to impact the asset’s price.

Significant Sale by Egorov

> Curvefi founder Michael Egorov (@newmichwill) sold 468,769 $CRV for 238,171 $USDC at an average price of $0.508 ~9 hours ago.
On Dec 17 and 18, he bought 1.226M $CRV at an average price of $1.114 ($1.37M). That investment is now at a $745K loss (-54.6%).

— Spot On Chain (@spotonchain) March 24, 2025

According to data posted on X by Spot on Chain, Michael Egorov executed a huge transaction, selling 468,769 CRV tokens for $238,171 USDC at an average price of $0.508. On Dec 17 and 18, 2024, he bought 1.226 million CRV tokens valued at $1.37 million at an average price of $1.114. However, due to recent price declines and today’s sales, that investment is now facing a loss of $745,000 (down 54.6%).

This significant sale has sparked curiosity about CRV’s future movement, particularly while CRV’s value is experiencing an impressive recovery. Recently, Egorov’s financial issues also gained attention. On Dec. 19, one of his wallets holding 918,830 CRV tokens (worth $898,000) got liquidated, just two days after he acquired new CRV tokens to support the price of the declining token.

Price Performance Updates

Curve DAO has been making a remarkable recovery following a substantial price drop, rising by 30.7% and 16.5% over the past two weeks and seven days ago respectively. Today, the asset saw a price hike of 1.5% recorded over the past 24 hours, making its price currently stand at $0.512, at press time. This jump comes amid growing bullish sentiment and rising investor interest in the token. With these figures, CRV has been one of the top performers in the crypto market over the past two weeks.

This price surge has been accompanied by a significant increase in its Open Interest (IO), climbing to a total of $116.85 million. The rise in both price and trader enthusiasm suggests that CRV is gaining momentum amidst its ongoing uptrend.

According to data from Coinglass, the IO for CRV rose by $1.82 million over the past 24 hours, pushing the total to $116.85 million. An increase in open interest usually indicates that traders are becoming more confident in the asset’s growth potential. The renewed confidence is driven by bullish sentiment, as investors increasingly believe that CRV has the ability to recover its losses and even climb to new heights.