Binance whales are having an eventful day today. These 2 altcoins welcome new buyers as DWF Labs drains its CRV reserves.
DWF Labs sells CRV from Binance wallet
Market maker DWF Labs is transferring some of Curve’s CRV purchased from the OTC founder to Binance. The company had previously collected CRVs to support the Curve founder. In recent transactions, the following transactions took place from Binance wallet:
- On August 1, DWF Labs raised 12.5 million CRVs from Curve’s founder at a price of $0.4. With this transaction, it purchased CRV for $5 million OTC.
- Today, the company transferred 2 million CRVs worth approximately $1 million to Binance. These moves demonstrate DWF Labs’ strategic moves and market impact on CRV.
20 分钟前，DWF Labs 将前些时间从 #Curve 创始人处 OTC 购得的部分 $CRV 转入币安：
• DWF Labs 在 8/1 花费 500 万 U 从 Curve 创始人处 OTC 购得 1250 万 CRV，价格 $0.4；
• 20 分钟前，DWF Labs 将 200 万 CRV($1M) 转入币安。https://t.co/TYjinngNYg推文由 @Bitget_zh 赞助 pic.twitter.com/SMjPBLqymJ
— 余烬 (@EmberCN) August 19, 2023
cryptocoin.com As we have reported, DWF Labs was among the leading companies providing liquidity for CRV. It sells some of its CRV reserves through Binance, along with recent transactions.
Famous whale collects Apecoin
In another report, the address of the famous whale Huang Licheng once again attracted 367,028 APE from Binance, according to data provided by Lookonchain. The giant investor moved about $583,000 in fiat terms in this transaction.
So far, Huang Licheng’s address has accumulated a total of 1.88 million APE ($3 million). It had previously withdrawn 1.14 million APE on Binance on August 14. About a part of it is invested in the staking contract. At present, Huang Licheng has 1.15 million APE in the APE commitment contract at the address.
Machi Big Brother bought 367,028 $APE($583K) again from #Binance after the market crash.
And he accumulated a total of 1.88M $APE ($3M) from #Binance in August.https://t.co/ue6QxSTf9Z pic.twitter.com/QIOX4vjiLj
— Lookonchain (@lookonchain) August 19, 2023
From the beginning of August, Machi Big Brother embarked on a saving spree. Whale has accumulated a notable 1.51 million APE ($3.09 million) on Binance. This whale’s actions highlighted a potentially positive sentiment surrounding the future of APE.
APE navigates historic lows
In the midst of this development, there were indicators suggesting a bearish outlook for the APE. Network growth and speed suffered declines that challenged some of the previous indicators of APE’s potential. However, a glimmer of positivity emerged as we witnessed the increase in the number of APE investors. This increase in owners revealed a potential change in market dynamics as more people are interested in APE.
Whale that has been sleeping for 8 years has taken action
In another transfer, a wallet address that had been idle for 8.1 years transferred approximately 191 ETH. This transaction carried around $317,724 in fiat terms. The whale transfer came at a time when the ETH price was on the decline. The leading altcoin is currently trading around $1,690 on Binance. It gained around 2% in value compared to the last 24 hours.
