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Token CRV

Aug 29, 2023

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SOC Team

DWF Labs re-accumulated $CRV from Binance

Inflow

Related addresses

Total tokens transferred

Token CRV

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

 

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:

 

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.

#dwf labs
#crv
#curve finance