A Gigantic Whale Massively Buys CRV and Deposits 17.63 Million Tokens into Binance, Currently Worth Approximately $3.88 Million
Publication Time:2024-08-06 17:26:08
According to the latest monitoring data from blockchain analytics platform Spot On Chain, two large cryptocurrency holders, possibly representing the same entity, deposited 17.63 million CRV (Curve Finance governance token) into the world's largest digital currency trading platform, Binance, over the past 20 hours. The total value is currently around $3.88 million. This action took place last year when they purchased a large amount of CRV from Curve Finance founder Michael Egorov through an over-the-counter trade for $0.4 per token. However, if sold at the current market price of $0.22, these holders would face a potential loss of up to $3.17 million (approximately -45%). This event reflects the volatility and complexity of the cryptocurrency market, as well as the unique insights and risk assessment abilities of large investors into specific projects or assets.
Binance
Blockchain
CRV
Cryptocurrency
Gigantic Whale