• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Significant OTC Transactions Shake Cryptocurrency Markets

user avatar

by Giorgi Kostiuk

2 years ago


Overview

The realm of cryptocurrency is a constant stage for drama and mystery, particularly in the shadowy alleys of over-the-counter (OTC) trading, hidden from public scrutiny.

Recent insights from Spotonchain have illuminated substantial transactions involving prominent figures in the cryptocurrency sphere, focusing on the trade of Curve (CRV) tokens. Such revelations offer a glimpse into the strategies adopted by major market players in times of market turbulence.

Today, Spotonchain brought attention to a potentially significant OTC transaction involving well-known entities in the cryptocurrency domain. According to their analysis, there appears to have been a notable transfer of CRV tokens following a recent downturn in market value.

This occurrence mirrors past events that have sparked dialogues within the community concerning the ramifications of large-scale private transactions on market dynamics.

Market Impact and Speculations

Recent developments suggest that Michael Egorov and a wallet linked to the alias christian2022.eth might have participated in a transaction involving 3.75 million CRV tokens. This exchange stands out not only due to its magnitude but also its timing following a visible 5% decline in CRV's value.

Previously, a similar scenario unfolded with the transfer of 400K USDT to Michael Egorov, reciprocated with a substantial amount of CRV, eventually ending up on a major exchange like Binance.

These transactions shed light on the complex and often opaque nature of OTC activities in the crypto industry. While these maneuvers are legal and integral to the broader trading ecosystem, they trigger discussions about their impact on liquidity and price stability, particularly for assets like CRV susceptible to significant price fluctuations.

At present, Curve's trading price mirrors the general market sentiment, settling at $0.2828—a decrease of 1.8% in the last 24 hours and nearly 15% over the past week. These numbers underscore the volatile backdrop in which these substantial transactions transpire, potentially amplifying market shifts or, alternatively, providing liquidity during turbulent market conditions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Immutable IMX Experiences Surge in User Engagement After Zombie World Launch

chest

Immutable IMX has experienced a significant increase in user engagement and trading volume following the launch of Zombie World in January 2026.

user avatarEmily Carter

Remittix Focuses on Global Remittance Market with Blockchain

chest

Remittix is developing a blockchain-based payment network to lower transfer costs and speed up settlements.

user avatarSon Min-ho

Need for Standardized Risk Management in DeFi

chest

As institutional flows grow, the DeFi ecosystem must establish standardized risk disclosures and governance frameworks.

user avatarKofi Adjeman

Singapore's MAS Implements Stricter Regulations for Crypto Firms

chest

The Monetary Authority of Singapore (MAS) has implemented stricter regulations for cryptocurrency firms operating without a license.

user avatarAyman Ben Youssef

BlockDAG's User Base Grows with 4 Million Active Mobile Miners

chest

BlockDAG has attracted over 4 million active users through its X1 Mobile Miner application, enhancing community engagement.

user avatarTando Nkube

US Treasury Sanctions North Korean IT Worker Network

chest

The US Treasury has sanctioned individuals and entities linked to a North Korean IT worker for infiltrating cryptocurrency companies to fund missile programs.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.