Crypto mogul Justin Sun recently made a significant move in the altcoin market, as revealed by onchain data.
According to reports, Sun sold 6.22 million Curve Finance (CRV) tokens on the cryptocurrency exchange Binance, resulting in a loss of $2.07 million. These tokens were originally purchased from the struggling Curve founder last year at a price of $0.4 per token.
The current state of Curve’s founder facing liquidation threats caused a sudden drop in the CRV token price, now trading at $0.31. This means that Sun sold the tokens at a loss compared to his initial purchase price.
In addition to the CRV tokens, Sun also transferred small amounts of MATIC, TRU, GAL, PROS, and WOO tokens to Binance. The largest transfer was for the MATIC tokens, valued at $88 thousand.
Despite these recent transactions, Sun still holds $1.05 billion worth of altcoins in his cryptocurrency wallets, showcasing his continued involvement in the market.
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