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Jun Du, co-founder of Huobi, has purchased 10 million CRV from Curve’s founder Michael Egorov for $4 million. This significant transaction was initially heralded on Twitter by Du himself and later confirmed by on-chain analytics.
The acquired CRV tokens were immediately locked as veCRV, providing Du with voting rights on the Curve platform for a year, confirmed by The Block.
Du has been vocal about his support for Curve, comparing his backing to his previous support during BendDAO’s liquidity crisis. He has expressed confidence in the platform’s future, tweeting that “the current difficulties are only temporary, and the industry will be healthier if we support it together.”
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Author: Emily Tonelli
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