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Curve Founder Transfers $18M USDT to Bitfinex Before BTC/ETH Rise, Deposits CRV into Aave and Borrows USDT

Cointime Official

The founder of Curve, a decentralized exchange for stablecoins, transferred $18 million USDT to Bitfinex before the recent rise in BTC/ETH prices. The founder typically deposits CRV into Aave and borrows USDT. In total, the founder deposited approximately 212 million CRV ($219 million) and borrowed around 61.2 million USDT on Aave.

This news suggests that the founder may be anticipating a significant rise in the value of BTC/ETH and is positioning themselves accordingly. The transfer has raised eyebrows in the crypto community, with some speculating on the potential impact on the market.

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