According to @ai_9684xtpa, DWF Labs has deposited 10.5 million CRV tokens, worth $3.48 million, to Binance from an OTC address that had been inactive for a year. This move suggests that DWF Labs might be planning to sell these tokens. In August 2023, founder Michael Egorov sold 159.4 million CRV tokens at $0.4 each to 33 investors and institutions, with DWF Labs acquiring 12.5 million of these tokens. If DWF Labs sells the remaining portion, they stand to incur a loss of $717,000.

According to @ai_9684xtpa, DWF Labs has transferred 10.5 million CRV tokens, valued at $3.48 million, to Binance from an OTC address that had been inactive for a year. This move suggests that DWF Labs is likely selling off their OTC tokens. In August 2023, founder Michael Egorov sold 159.4 million CRV tokens to 33 investors/institutions at $0.4 per token, with DWF Labs acquiring 12.5 million of those tokens. If DWF Labs sells their remaining portion, they will incur a loss of $717,000.

According to Lookonchain, an institution sold all 25 million $CRV tokens at an average price of $0.22 over the past three days, incurring a loss of $4.58 million. The institution had initially purchased the $CRV tokens from Michael Egorov at an OTC price of $0.4, spending $10 million.

According to EmberCN, a whale or institution that purchased the most CRV in an OTC deal from Curve founder Michael Egorov last August has transferred 17.625 million CRV ($3.54 million) to Binance in the past 19 hours. Last August, Egorov sold 159 million CRV to 33 whales/institutions at a discounted price of $0.4 per CRV (market price was $0.6). The whale or institution in question had spent $10 million.

According to @lookonchain, Michael Egorov was recently liquidated 2.67 million CRV tokens worth $677,000 following a market drop. He still holds 10 million CRV tokens valued at $2.5 million staked in UwULend, with a health rate dangerously low at 1.09. Traders should monitor his positions closely as further liquidations could impact CRV prices.