Giant Market Maker DWF Labs Repurchased This Altcoin Listed on Binance! How Did the Price React?

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and new investments.

At this point, popular market maker DWF Labs reinvested in CRV.

According to Spot on Chain’s post, DWF Labs purchased CRV again. Accordingly, DWF Labs transferred 500K USDT to Michael Egorov (Curve founder). Michael Egorov also exchanged his entire 500K USDT for 826,764 CRV at $0.605. Slowly reacting to this news, the CRV price experienced a small rise.

“Looks like DWF Labs has purchased CRV again!

DWF Labs (0x53c) transferred 500K USDT to Michael Egorov (Curve founder-0x32D) 9 hours ago.

And about 2 hours ago Michael Egorov exchanged the entire 500K USDT for 826,764 CRV at $0.605!

On August 1, 2023, DWF Labs received 5 million USDT from Michael Egorov to purchase 12.5 million CRV at an OTC price of $0.4. CRV is #2 in DWF Labs’ portfolio and currently holds $7.6 million worth of CRV.”

CRV continues to trade at $0.62 at the time of writing.

It seems like DWF Labs bought $CRV again!

DWF Labs (@DWFLabs) 0x53c transferred 500K $USDT to Michael Egorov (@newmichwill, #Curve founder) 0x32D 9 hours ago.

And around 2 hours ago, Michael Egorov swapped all 500K $USDT for 826,764 $CRV at $0.605!

Note that on Aug 1, 2023,… pic.twitter.com/lLanmx81nt

— Spot On Chain (@spotonchain) April 4, 2024

*This is not investment advice.

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