Michael Egorov (Curve founder) just swapped 500,000 USDT for 826,764 CRV at $0.605 on average:

• address: 0x32d03db62e464c9168e41028ffa6e9a05d8c6451
• This address belongs to the entity Michael Egorov (Curve founder)

Notably, Michael Egorov received the 500K USDT for the CRV purchases from DWF Labs 0x53c 7 hours ago. This implies that it was actually DWF Labs who re-bought CRV!

• USDT sending transaction: 0x8e6e1c566826ea349dc8df24756140c91ea80dae553f26f2a5e732ddf7943ba2
• DWF Labs 0x53c: 0x53c902a9ef069f3b85e5e71f918c4d582f3063fa
• This address belongs to the entity DWF Labs

Note that, on August 1, 2023, DWF Labs spent 5M USDT to buy 12.5M CRV at an OTC price of $0.4 from Michael Egorov and now still holds the tokens (currently worth $7.6M), ranking 2nd in their portfolio.

Fig 1. DWF Labs 0x53c sent 500K USDT to Michael Egorov (Curve founder) 0x32D to buy 826,764 CRV at $0.605 recently.

Fig 2. The top 5 current holdings of DWF Labs.

Fig 3. DWF Labs bought 12.5M CRV at $0.4 ($5M) via OTC from Michael Egorov on August 1, 2023.