Traders Are Shorting Curves CRV Token Amid Fears of Founder's Potential Liquidation
Curve's CRV token is facing a decline as traders take short positions due to the potential liquidation of the founders borrowed position. The token fell to its lowest point since November 22, and the open interest in perpetual futures tied to CRV has doubled. Traders are betting on a price decline, fearing that the liquidation of the founders borrowing positions may destabilize Curve and the wider crypto market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Traders Are Shorting Curves CRV Token Amid Fears of Founder's Potential Liquidation
Curve's CRV token is facing a decline as traders take short positions due to the potential liquidation of the founders borrowed position. The token fell to its lowest point since November 22, and the open interest in perpetual futures tied to CRV has doubled. Traders are betting on a price decline, fearing that the liquidation of the founders borrowing positions may destabilize Curve and the wider crypto market.