Earlier today, the price of Curve token (CRV) hit a historical low of $0.45. The recent decline of the token has dangerously approached the $0.37 mark, which would trigger the liquidation of multiple CRV support loans held by Curve Finance founder Michael Egorov.

Despite Egorov's efforts to control the decline of CRV, the token's price continues to fall. A cryptocurrency KOL named Bear Naked Crypto predicts that the liquidation price of CRV may be around $0.29, rather than the previously predicted $0.37.