An anonymous wallet believed to be linked to an institution appears to have liquidated long-held DeFi (decentralized finance) tokens at a combined loss of $9.61 million. Ten days ago, it sold 37.26 million CRV worth $13.05 million after holding the tokens for three years. The position was acquired at an average price of $0.51 and sold at $0.35, producing a $5.97 million loss. Three hours ago, the wallet deposited 4.01 million PENDLE held for one year to OKX and sold the tokens at $2.38. With an average purchase price of $3.29, the PENDLE sale generated an additional $3.64 million loss, according to on-chain analyst EmberCN.