Whales Deposit 8.875M and 8.75M CRV to Binance!

Two significant CRV transactions have been observed:

Whale 0x431:

Deposited 8.875 million CRV ($1.96 million) to Binance.

Transaction Hash: 0x1f5e03bde4fa5690be0742d5bbc08c28cb379b47d1467a4a86204d978932bc66

Address: 0x4315d5faf06888711b64a6ff6c9d670d9cbd59b3

Whale 0xd11:

Deposited 8.75 million CRV ($1.93 million) to Binance 20 hours ago via the same deposit address.

Address: 0xd116dcd8d08701c8f18dcac0c13d33f643f1d76c

Binance Deposit Address: 0x2b96cbed01f561ef6dd0724c59d88e34f89f5005

Notable Details:

Both whales bought their CRV tokens from Michael Egorov, the founder of Curve Finance, during the liquidation crisis last year at an OTC price of $0.4.

Together, they purchased 17.63 million CRV at a total cost of $7.05 million.

At the current alleged average selling price of $0.221, these whales would face an estimated loss of $3.17 million (-45%) after a year.

The market movement of these whales might impact CRV's price dynamics on Binance.