The founder of the Decentralized Finance ( DeFi ) Protocol continues to sell his own Tokens! Here is the latest amount he sold!

According to the on-chain monitoring platform Spot On Chain, the founder of the decentralized finance (DeFi) protocol Curve Finance, Michael Egorov, has resumed selling CRV tokens as the crypto markets enter a modest recovery phase.

Curve Finance Founder Continues CRV Token Sales, Made a $108,000 Sale Amid Market Recovery

On Tuesday, Egorov sold 236,457 CRV tokens worth approximately $108,000, marking the last round of profit-taking after weeks of stagnant activity.

Spot On Chain data shows that since March 24, Egorov has sold a total of 3.083 million CRV tokens at an average price of $0.527 per token, generating around $1.62 million in revenue.

Egorov's recent sales occurred after a sharp correction where Bitcoin fell below $75,000 and DeFi token prices came under pressure, coinciding with the broader cryptocurrency market gaining stability.

Michael Egorov's CRV token sell-offs have been closely monitored by the DeFi community, considering the potential market impact of the founder's significant holdings and transactions.

In previous years, Egorov had sold large amounts of CRV and faced criticism from investors concerned about the price pressure on the token.

Curve Finance continues to be one of the largest decentralized exchanges focused on stablecoin and liquidity pool trading, but the price performance of CRV has lagged behind broader market trends amid ongoing token unlocks and sell-offs.

Despite Egorov's recent sell-offs, the price of CRV has maintained above $0.40 as of Tuesday, showing relative resilience and reflecting the improving sentiment in the crypto sector.

Although the token remains significantly below its all-time high, it has benefited from renewed investor interest in DeFi protocols amid speculation that interest rates will fall in the US.