Crypto Sector Ruffled by Slump in Curve Finance Exchange’s Token
- Curve DAO token at one point sank as much as 38% Thursday
- Exchange is key provider of liquidity in decentralized finance
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The native token of Curve Finance, one of the cryptocurrency sector’s top decentralized exchanges, has tumbled to an all-time low.
CRV slid as much as 38.2% to about 22 US cents on Thursday before paring some of the drop to trade at 26 cents as of 1:55 p.m. in Singapore, according to data compiled by Bloomberg. That is the lowest price for the token on record, CoinGecko data show.