PANews reported on October 28 that according to on-chain analyst @ai_9684xtpa, a CARV team associated address deposited 4 million CARV to Bybit, approximately 3.29 million USD.

This address received 12 million CARV 3 days ago, with the funds traceable to the CARV deployment address, and as of now, all has been transferred to exchanges, totaling a value of 9.91 million USD.