2024

Spot

Coin

<ul class="wp-block-list news-points"> 
 <li>DWF Labs deposited its entire Curve Finance (CRV) holdings on the Binance.</li> 
 <li>The firm transferred 12.5 million CRV, equivalent to $4.12 million, on the exchange.</li> 
 <li>DWF Labs’ actions triggered bearish sentiment among the CRV community.</li> 
</ul> 
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 $4.12 million, to the centralized exchange over the past two days. 
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 DWF Labs has deposited all their OTC-bought <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> to Binance at a loss! In the past 28 hours, <a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@DWFLabs</a> deposited all 12.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> ($4.12M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>, of which the last 10.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$CRV</a> ($3.44M) was transferred out 9 hours ago. With an OTC-buying price of $0.4 and an average… <a href="https://t.co/vbpeq1WLaU" target="_blank" rel="nofollow">https://t.co/vbpeq1WLaU</a> <a href="https://t.co/LbBkxnVY6c" target="_blank" rel="nofollow">pic.twitter.com/LbBkxnVY6c</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1826795896862114075?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 23, 2024</a>
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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 <a href="https://coinedition.com/dwf-labs-sends-crv-to-binance-sell-off-speculation-ensues/">DWF Labs Sends CRV to Binance, Sell-Off Speculation Ensues</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

DWF Labs Sends CRV to Binance, Sell-Off Speculation Ensues

Coin Edition

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