The whale/institution that bought the most CRV from Curve’s founder OTC last August transferred 17.625 million CRV ($3.54M) to Binance in the last 19 hours.

In August last year, Curve founder Michael Egorov sold 159 million CRV to 33 whales/institutions at a discount price of $0.4 (the market price was $0.6 at the time).

The whale/institution we are talking about today spent 10 million U to buy 25 million CRV. After buying, he kept these CRV in 3 wallets without moving (nor staking) until yesterday and today when he transferred the CRV in two of the wallets to Binance.

The current price of CRV is only $0.22, and the institutional discount price last year has been cut in half now.

Address:

0x4315d5fAf06888711B64A6FF6C9D670D9CbD59B3 (8.875 million CRV, transferred to Binance);

0xD116dCd8d08701c8F18DCAc0C13D33F643f1D76c (8.75 million CRV, transferred to Binance);

0x70C5e202F2f023D0594b6731d911f2f5d849B892 (7.375 million CRV, not yet transferred out).