Data: Curve founder adds 20 million CRV collateral assets to avoid liquidation, after ponzishorter.eth borrowed a large amount of CRV from Aave and sold part of the tokens

ChainCatcher message, Lookonchain tweeted to explain the recent fluctuations in CRV prices. On November 13, the address ponzishorter.eth deposited approximately 40 million USDC into Aave and borrowed CRV to sell off, causing the price of CRV to drop from $0.464 over the past week, a decrease of about 26%. Five hours ago, ponzishorter.eth intervened with 20 million CRV from Aave and then transferred it to OKX, and three hours ago, borrowed another 10 million CRV from Aave.

This address has sold off a large amount of CRV, so many users who used CRV as collateral will face liquidation. The founder of Curve previously used CRV as collateral to borrow USDC and is also facing liquidation. Three hours ago, he increased his collateral assets by 20 million CRV. (source link)