Curve DAO Token

<ul><li>Michael Egorov was liquidated for 2.67M CRV worth $677K with UwU Lend&#39;s health rate falling to 1.09.</li><li>UwU Lend&#39;s liquidation included $614K in DAI and 2.67M uCRV triggered by low collateral value.</li><li>Historical price movements showed CRV peaking multiple times, particularly in early 2021 and late 2021 to early 2022.</li></ul>LookOnChain recently <a href="https://x.com/lookonchain/status/1816305657269871103" rel="noopener noreferrer nofollow">reported</a> a significant liquidation event involving Michael Egorov, a prominent figure in the cryptocurrency space. Following a market drop, Egorov was liquidated for 2.67 million CRV tokens, valued at approximately $677,000. This event occurred 20 minutes prior to the report. Egorov still has 10 million <a href="https://cryptotale.org/curve-dao-founder-faces-liquidation-amid-crv-price-plunge/" rel="noopener noreferrer nofollow">CRV tokens</a>, worth around $2.5 million, staked in UwU Lend. His health rate on the platform has plummeted to a critical 1.09.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdFC1Q-hy696UvxgaKHQpB6qmVy0B7VpeyGuPHiFEpWKIDvo1_Ts6zSGEQwUBZ-ltPXCHmvqr6R67Dc1F4eNlB11QNJ3kgXHnW2Wwt1-ePfiniFJYTsQOkTjBg0lXlk4FQXAKKxGKv0kAPv8HYDaslrY7wq?key&#61;aPTKKaUDPjfCxnBVAYCFrA" />The transaction snapshot from UwU Lend revealed the mechanics behind the liquidation. The snapshot detailed a liquidation call involving assets such as $614,393.7258 in variableDebtDAI, valued at $614,332.29, and 2,666,184.9244 uCRV, valued at $677,477.59.<a href="https://cryptotale.org/major-liquidation-hits-crv-as-market-decline-continues/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Major Liquidation Hits CRV as Market Decline Continues

CryptoTale

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