Curve founder Michael Egorov sold 469,000 CRV, with a loss of more than 54%

Odaily News According to Spot On Chain monitoring, Curve founder Michael Egorov (@newmichwill) sold 468,769 $CRV at $0.508 each about 9 hours ago in exchange for 238,171 $USDC.
Previously, from December 17 to 18, 2023, he bought 1.226 million $CRV (a total of about $1.37 million) at an average price of $1.114. Based on the current selling price, his investment loss reached 54.6%, and the loss amount was about $745,000.