Curve Finance's founder, Michael Egorov, has exchanged a portion of his tokens for CRV. Reports indicate that he swapped 15.9 million $T and 24 $ETH tokens for 913,489 CRV tokens, averaging $0.516 during the process. While the exact number of ETH tokens is undisclosed, Egorov likely retains approximately 9.762 million $T tokens, worth around $267k. There's a possibility of further token swaps for CRV in the future, although no official statement has been issued by Egorov or Curve Finance representatives.

In a previous transaction, Egorov deposited 23.5 million CRV tokens on Binance, valued at approximately $14.5 million, between December 22, 2023, and December 27, 2023, at an average price of $0.619. Despite CRV experiencing a 6.59% decline in the last 24 hours, trading at $0.5161, with a 14.02% decrease in the last 7 days and a 23.82% drop in the last 30 days, there's an uptick in 24-hour trading volume, suggesting a potential recovery according to CRV forecasts.

Egorov's token swap may indicate confidence in CRV's future profitability despite its current underperformance. Whether Egorov chooses to sell or hold his portfolio will depend on his strategic outlook. It's noteworthy that $T has experienced the most significant value increase, trading at $0.033, up by 13.50% in the last 24 hours, with rising market capitalization and trading volume.

Curve Finance has proposed distributing 1.15 million ARB tokens across seven pools on Arbitrum, potentially over two months, eliciting mixed reactions from the community. Some members are voting on the proposal, while others urge Curve Finance to focus on improving CRV's performance and price, which has disappointed many stakeholders, as evidenced by its 6.52% decline compared to last year.