Coin

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 <li>Lookonchain has spotted significant transactions involving Curve DAO (CRV) tokens.</li> 
 <li>Four fresh wallets withdrew 10.2 million CRV, equivalent to $8.12 million from Binance.</li> 
 <li>All the wallets involved in the transaction were newly created and held only CRV tokens.</li> 
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 Lookonchain, the onchain and smartmoney analytics platform, has spotted significant transactions involving Curve DAO (CRV) tokens. According to a recent tweet, Lookonchain noticed four fresh wallets that withdrew 10.2 million CRV, equivalent to $8.12 million from the Binance exchange in the past seven days. 
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 There may be some institutions buying <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a>! We noticed that 4 fresh wallets have withdrawn a total of 10.2M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> ($8.12M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 7 days. These 4 wallets are all newly created and only hold <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a>. <a href="https://t.co/x4Yn6Bdnyx" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/x4Yn6Bdnyx</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1679037186732347392?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2023</a> 
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 Lookonchain noted that all four wallets involved in the transaction were newly created and held only <a href="https://coinedition.com/crvs-imbalance-results-in-the-fall-of-usdt-price-drop-by-0-25/" rel="noopener noreferrer nofollow">CRV tokens</a>. It suspected institutional investors could be responsible for the transactions and implied the move could signal a potential buying of CRV tokens. 
 Some of the respondents to Lookonchain’s tweet downplayed… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analytics-platform-suspects-institutional-buying-of-crv-tokens/">Analytics Platform Suspects Institutional Buying of CRV Tokens</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Analytics Platform Suspects Institutional Buying of CRV Tokens

Coin Edition

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