Maker

Cryptocurrency

Bitcoin

When onchain data is examined, it is seen that DWF Labs, one of the most well-known and at the same time most controversial market maker companies in the cryptocurrency market, has carried out some interesting transactions.
In transactions made in recent hours, 10.5 million CRV worth $3.48 million was sent to Binance from the company's over-the-counter (OTC) Curve Finance (CRV) address, which has not been monitored for nearly a year.
Related News: <a href="https://en.bitcoinsistemi.com/big-bitcoin-bull-scaramucci-shares-predictions-on-when-bitcoin-price-will-rebound/" target="_blank" rel="noopener noreferrer nofollow">Big Bitcoin Bull Scaramucci Shares Predictions on When Bitcoin Price Will Rebound</a>
This move was interpreted as the company preparing to sell CRV tokens obtained via OTC. With the emergence of a major crisis on Curve Finance in August 2023, CRV founder Michael Egorov sold CRV to 33 institutions and investors via the OTC method at a price of $ 0.40. A total of 159.4 million tokens were sold, of which 12.5 million were purchased by DWF Labs.
If DWF Labs had sold its other tokens, it would have lost $717,000 from the trade. At the time of writing, it is trading at $0.327.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/market-maker-dwf-labs-dumped-almost-all-of-this-altcoin-it-bought-a-year-ago-to-binance-at-a-loss/" rel="noopener noreferrer nofollow">Market Maker DWF Labs Dumped Almost All Of This Altcoin It Bought A Year Ago To Binance At A Loss</a>

Market Maker DWF Labs Dumped Almost All Of This Altcoin It Bought A Year Ago To Binance At A Loss

Bitcoin Sistemi EN

Other articles published on Aug 22, 2024

Uniswap, Arbitrum Labelled as Securities By This Firm: Why?

GITEX Global 2024: World’s Largest Tech Event Announces GITEX Editions and All-New Show Highlights

Shiba Shootout Rise to $1 Million, DOGE’s Resilience, and MoonBag’s Surge to $4 Million

Vice President Kamala Harris to Promote Crypto With Supportive Measures

Investors Boost MATIC Price Surge

Crypto Trading Platform ezBtc Allegedly Diverted $9.5M Customer Funds to Gambling Sites

Join our free newsletter for daily crypto updates!