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

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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, over the ensuing two years, these tokens were sold at an average price of only $3.38, yielding a total of $1.49 million. This translates to a staggering loss of $10.7

The post Fantom Foundation Wallet Records Significant Loss On CVX Sale, Impacting Token Price appeared first on The Merkle News.

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