CRV address sells 31.4 million tokens at a $4.1 million loss

  • The address sold its entire 31.4 million CRV position through OKX.
  • $4.1 million, or 27%, was lost on the three-year CRV holding.
  • The address withdrew CRV from Binance in 2023 and 2024 for about $15.13 million.

An address believed to belong to an anonymous whale or institution sold its entire 31.4 million CRV position on OKX over the past two weeks, on-chain analyst EmberCN said. The address withdrew the tokens from Binance during 2023 and 2024 for about $15.13 million, implying an average entry price of $0.48. The sales averaged $0.35, resulting in an estimated loss of about $4.1 million, or 27%, on the three-year holding.

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CRV address sells 31.4 million tokens at a $4.1 million loss - CoinPost Terminal