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<ul class="wp-block-list news-points"> 
 <li>DWF Labs deposited 2 million CRV worth $683,000 on Binance on August 22.</li> 
 <li>The Web3 firm bought 12.5 million CRV from Curve DAO founder Michael Egorov.</li> 
 <li>DWF Labs has incurred a total estimated loss of $824,000 (-16.5%) on its CRV purchase.</li> 
</ul> 
DWF Labs, a Web3 investor and market maker, has deposited a massive 2 million CRV tokens worth $683,000 onto Binance, the world’s largest crypto exchange, igniting sell-off rumors in the digital asset space. Notably, the activity, first pointed out by blockchain analysis firm Spot On Chain, took place on August 22.&nbsp; 
According to a <a href="https://platform.spotonchain.ai/en/platform/entity/122" target="_blank" rel="nofollow">post</a>, DWF Labs acquired a substantial 12.5 million CRV from Curve DAO founder Michael Egorov through an over-the-counter (OTC) trade last year during a liquidity crisis. The tokens were purchased at $0.4 each, totaling $5 million. DWF Labs currently retains 10.5 million CRV, valued at $3.5 million. 
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 DWF Labs (<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@DWFLabs</a>) deposited 2M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> ($683K) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> 5 hours ago. Notably, DWF Labs: • bought 12.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> from Curve founder Michael Egorov via an OTC at $0.4 ($5M) during last year’s liquidation crisis; • still has 10.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> ($3.5M) left, which ranks 3rd in their… <a href="https://t.co/cXo5lrHiGR" target="_blank" rel="nofollow">https://t.co/cXo5lrHiGR</a> <a href="https://t.co/kZiHVwTXO4" target="_blank" rel="nofollow">p…</a>
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The post <a href="https://coinedition.com/dwf-labs-moves-2m-crv-to-binance-sell-off-fears-rise/">DWF Labs Moves 2M CRV to Binance: Sell-Off Fears Rise</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

DWF Labs Moves 2M CRV to Binance: Sell-Off Fears Rise

Coin Edition

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