CRV Coin experienced a sudden drop of more than 20%, attributed to concerns over the potential sale of $140 million in tokens. Speculations had circulated about a possible collapse of CRV following a decline in the cryptocurrency market, particularly due to the DeFi debt of Curve’s founder. To address the situation, the founder had used $140 million worth of CRV as collateral for the DeFi debt, and would either repay the debt or provide additional collateral as needed to avoid liquidation as the token’s price nears a critical point. Stay updated on the latest technology news by accessing NEWSLINKER.
