The Fantom Foundation's affiliated wallet sold approximately 357,000 CVX in the past hour

PANews reported on June 28th that Spot On Chain monitoring showed a wallet associated with Fantom Foundation sold 357,108 $CVX in the past hour for 1.15 million USDT, causing the price of $CVX to drop by about 5%.

It's worth noting that this wallet spent $12 million at around $28 per coin to purchase 436,000 $CVX in March 2022 and sold them over the past two years at approximately $3.38 each, resulting in a loss of $10.7 million or an overall loss rate of 87.8%.