Aug 29, 2023
SOC Team
DWF Labs re-accumulated $CRV from Binance
Inflow
Related addresses
Total tokens transferred
2M
CRV
Related transactions
DWF Labs accumulated 2M $CRV from Binance at $0.48 ($966K) just now:
- then the market maker moved all 2M $CRV to address 0xd4b
- txid: 0x586461834b498c98ea4e64764f55543ebda197610bf0b50832483f896c44f30a
- address: 0xc0E59d7B743c2757C8b39B791B5EbaF2Bf6e725D
- address 2: 0xd4b69e8d62c880e9dd55d419d5e07435c3538342
Notably, DWF Labs:
- accumulated 12.5M $CRV from Curve Finance's founder, Michael Egorov, at $0.4 on August 1 (previous signal here)
- deposited 2M $CRV at $0.5 (~$1M) to Binance on Aug 19 (9 days ago) (previous signal here)
- after the deposit, DWF Labs’ co-founder Andrei Grachev (Twitter @ag_dwf) announced that the deposit of 2M $CRV to Binance was for trading needs, not liquidation purposes, and that they would "withdraw $CRV back to on-chain" once they have done their plan
- has an aggressive MM style overall: their recent deposits of tokens to CEX usually lead to volatile changes in price afterward
Currently, DWF Labs holds 12.5M $CRV ($6.03M) across 2 wallets:
- address 1: 0xd4b69e8d62c880e9dd55d419d5e07435c3538342 (2M $CRV)
- address 2: 0x951e337d7c2fdb9b80f6cf72c0dac9d0568f9890 (10.5M $CRV)
Fig 1. DWF Labs deposited 2M $CRV to Binance on August 19 and re-accumulated just now.
Fig 2. DWF Labs’ co-founder Andrei Grachev's announcement following the deposit on August 19.