HomeAltcoinsFounder of Last Summer’s Troubled Altcoin transferred a large amount to Binance.

Founder of Last Summer’s Troubled Altcoin transferred a large amount to Binance.

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0xce5 wallet, affiliated with Curve Finance (CRV) founder Michael Egorov, deposited 5 million CRV ($2.93 million) to cryptocurrency exchange Binance. The deposit was made when the price of CRV was $0.585.

As I write this article, the price of CRV is $0. 6318

This is important because the wallet bought 15 million CRV on August 15, 2023. The CRV was transferred from Egorov’s main wallet to another wallet through a series of other wallets on August 1, 2023. This shows that the wallet could be owned by the person who started Curve Finance or by someone who bought it from a private sale.

Currently, the 0xce5 Wallet has 10 million CRV, which is worth $5. 86 This money will be available on August 7, 2024.

The cost of CRV has gone up by around 10% in the past day.

Curve Finance was attacked by hackers last August. “Egorov had to sell a lot of CRV tokens at a low price to avoid losing money after buying other altcoins with CRV collateral. ”

I am not giving advice on investing.

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