Fantom Foundation Wallet Records Significant Loss On CVX Sale, Impacting Token Price

Fantom Foundation Wallet Records Significant Loss On CVX Sale, Impacting Token Price

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Source: TheMerkle.com

In a recent transaction, a wallet linked to the Fantom Foundation, identified as 0xa51, sold 357,108 CVX tokens for 1.15 million USDT at an average price of $3.22.

This significant move in the market has brought to light the foundation’s substantial financial loss over the past two years.

Back in March 2022, the wallet invested $12 million to acquire 436,000 CVX tokens at an average price of $28 each. However,

Read More https://themerkle.com/fantom-foundation-wallet-records-significant-loss-on-cvx-sale-impacting-token-price/

The post "Fantom Foundation Wallet Records Significant Loss On CVX Sale, Impacting Token Price" appeared first here TheMerkle.com.

Source: TheMerkle.com

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