Curve (CRV) founder, Michael Egorov, sold 34M CRV tokens ($19.72M) on the night of August 3. This came after a 20% drop in token prices over the past week. 

Egorov resorted to borrowing from crypto-lending platforms to replace Curve Protocol's liquidity pools, impacted by the "Reentrancy Hack" on July 30. This event resulted in $52M in asset losses. 

Egorov sold 106M CRV tokens at a discount to satisfy his obligations through over-the-counter (OTC) transactions with institutions. 

Despite his efforts, Egorov still owes $65.34M. Egorov holds around 346.93M CRV tokens ($220.4 million) spread over five platforms. However, these tokens are at risk of liquidation because of the continued price drop.

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