DWF Labs deposited 2 million CRV into CEX 5 hours ago

According to Spot On Chain monitoring, DWFLabs deposited 2 million CRV (approximately $683,000) into CEX 5 hours ago. Notably, DWF Labs purchased 12.5 million CRV (about $5 million) from Curve founder Michael Egorov through over-the-counter trading at an average price of $0.4 per CRV. They still hold 10.5 million CRV ($3.5 million), ranking third in their investment portfolio. Calculated at the current price, the estimated total loss is $824,000 (-16.5%).