Curve Finance Founder Michael Egorov Sells $1.62M in $CRV Amid Market Recovery

From March 24, 2025, until now Curve Finance founder Michael Egorov has performed three trades totaling 3.083 million CRV tokens worth $1.62 million at an average rate of $0.527 per token.

As the market recovered, Michael Egorov (@newmichwill), founder of #Curve Finance, resumed selling—offloading 236,457 $CRV (~$108K).

Since March 24, he has sold a total of 3.083M $CRV ($1.62M) at an average price of $0.527, consistently selling near local price peaks

Follow… https://t.co/yaSWAgRMNd pic.twitter.com/qAKIbSQBEC

— Spot On Chain (@spotonchain) April 8, 2025

Strategic Selling Near Price Peaks

Starting March 24, Egorov launched his selling spree with a notable transaction on March 26 that involved transferring 1.997 million $CRV with a currency value of $1.03 million to wallet “0x5a8.” After the wallet acquired 1 million $CRV for 515,058 $USDC at an average price of $0.515 it still possessed 997,000 $CRV with a value of $514,000. 

During price peaks, Egorov exchanged 106 million $CRV worth $42 million which he used to cover loan defaults costing him $2 million. Recent Egorov sales show his strategy to gain profits from market uptrends through risk mitigation practices.

Market Context and $CRV’s Performance

The $CRV sales occur during an improving cryptocurrency market showing Bitcoin stabilizing at $88,614 following its all-time high decline of 18.5% while the total market cap maintains its position at $3.01 trillion.$CRV surpassed $0.432 in value based on recent statistics although it registered a 9% downward trend during the previous day. 

Today Curve Finance exists with a $567 million $CRV market capitalization even after it suffered from a security flaw that resulted in a 23% price decrease. 

Egorov’s moves demonstrate steady trading patterns during periods of market destabilization indicating he maintains a calm viewpoint about the future price direction of $CRV during the growing DeFi sector.

Implications for Curve Finance and Market Sentiment

The 3.083 million dollar $CRV transaction conducted by Egorov may transform how markets perceive the project because massive founder deals typically modify anticipated preferences. According to his strategic plan, Egorov chose to sell Curve tokens to distribute funds to new projects in the Curve ecosystem.

The recent $CRV sales by Egorov trigger market unease given that the Fear & Greed Index reports 20 points of market caution that pose risks for both $CRV stability and investor trust until future weeks. The Curve Finance stablecoin trading innovations remain under market scrutiny because of what Egorov plans to execute in the future.