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Binance Labs transfers 12.5 million CRV to Binance

Binance Labs transfers 12.5 million CRV to Binance

Cointime2024/03/07 14:57
By: Cointime
CRV-1.97%

Binance Labs transferred 12.5 million CRV (worth $10 million) to Binance one hour ago, as monitored by on-chain analyst Yu Jin. These 12.5 million CRV were purchased by Binance Labs from Curve founder Michael Egorov for $5 million in August last year at a price of $0.4 per unit. The purchase came with a 6-month lock-up period, which ended on February 1st this year. The current price of CRV is $0.8, which would result in a profit of $5 million (+100%) if sold.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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