The Curve founder adds 20 million CRV of collateral to avoid liquidation

2022/11/22 12:32

Lookonchain tweeted that today, ponzishorter.eth borrowed a large amount of CRV from Aave and pumped it. Which caused the price of CRV to drop from $0.537 to $0.407, a drop of 24%. The sell-off continues for now. Lookonchain said that on November 13, ponzishorter.eth deposited about 40 million USDC into Aave to borrow CRV for selling. Began to short CRV for a week. Which caused the price of CRV to slowly drop from $0.625 to $0.464 over the past week, a drop of about 26%. 5 hours ago, ponzishorter.eth suddenly borrowed 20 million CRV ($9.9M) from Aave and transferred to OKX for selling. 3 hours ago, borrowed 10 million CRV ($9.9M) from Aave again. ponzishorter.eth sold CRV in large quantities, so many people who used CRV as collateral will face liquidation. The founder of Curve borrowed USDC with CRV as collateral and is about to be liquidated. 3 hours ago, he added 20 million CRV of collateral.

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