TechFlow News, on August 22, according to monitoring by @ai_9684xtpa, DWF Labs' previously dormant CRV OTC address recently deposited 10.5 million CRV to Binance, worth approximately $3.48 million.
DWF Labs may be preparing to sell its CRV tokens acquired through over-the-counter (OTC) transactions. In August 2023, Curve founder Michael Egorov sold 159.4 million CRV to 33 investors and institutions at a price of $0.4 per token, with DWF Labs acquiring 12.5 million CRV in that deal. If DWF Labs sells all of its remaining holdings, it is expected to incur a loss of approximately $717,000.
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