DWF Labs Sends CRV to Binance, Sell-Off Speculation Ensues
- DWF Labs deposited its entire Curve Finance (CRV) holdings on the Binance.
- The firm transferred 12.5 million CRV, equivalent to $4.12 million, on the exchange.
- DWF Labs’ actions triggered bearish sentiment among the CRV community.
DWF Labs, a Web3 investment firm, recently moved all its Curve Finance (CRV) tokens to Binance, triggering speculation of a sell-off. Blockchain analytics platform Spot On Chain reports that DWF Labs transferred 12.5 million CRV, worth $4.12 million, to the centralized exchange over the past two days.
Spot On Chain estimates that if DWF Labs sells these tokens, it would lose around $875,000 on the investment, a 17.5% loss after holding the tokens for about a year. The firm bought the tokens from Curve Finance’s founder, Michael Egorov, at an OTC price of $0.4 during …
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DWF Labs Sends CRV to Binance, Sell-Off Speculation Ensues
- DWF Labs deposited its entire Curve Finance (CRV) holdings on the Binance.
- The firm transferred 12.5 million CRV, equivalent to $4.12 million, on the exchange.
- DWF Labs’ actions triggered bearish sentiment among the CRV community.
DWF Labs, a Web3 investment firm, recently moved all its Curve Finance (CRV) tokens to Binance, triggering speculation of a sell-off. Blockchain analytics platform Spot On Chain reports that DWF Labs transferred 12.5 million CRV, worth $4.12 million, to the centralized exchange over the past two days.
Spot On Chain estimates that if DWF Labs sells these tokens, it would lose around $875,000 on the investment, a 17.5% loss after holding the tokens for about a year. The firm bought the tokens from Curve Finance’s founder, Michael Egorov, at an OTC price of $0.4 during …
The post DWF Labs Sends CRV to Binance, Sell-Off Speculation Ensues appeared first on Coin Edition.
Read More