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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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It is believed that a UK-based investment firm secretly purchased this altcoin! They incurred losses!
According to the onchain data obtained from crypto currency, it is believed that the quantitative investment company Manifold has bought out the Curve Finance (CRV) token.
According to the data, a crypto wallet address believed to be linked to Manifold used two million dollars worth of USDC stablecoin to buy out CRV. The address transferred 2 million USDC to the cryptocurrency exchange Binance and immediately withdrew 3.14 million CRV tokens.
The average cost of this buy out was measured at 0.63 dollars per CRV.
At the time this article was written, the CRV price is trading at $0.58. The market capitalization is at $795 million. The token had reached an all-time high market capitalization of $2.39 billion on January 15, 2022. At that time, the price peaked at $5.34. Due to token inflation, the current price that CRV needs to reach in order to break its total market capitalization record again appears to be $1.79.
*This is not investment advice.
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