2M Curve Tokens Withdrawn From Binance in 40 Minutes

• DWF Labs sent 2 million CRV tokens from Binance to their on-chain wallet.
• Curve DAO Token had a decline of over 4.25% in the last 24 hours.

DWF Labs, the global digital asset market maker, has revealed the firm sent a massive amount of the Curve DAO Token (CRV) from the world’s largest crypto exchange, Binance. Following the transactions, CRV has experienced a sudden surge of over 5%.

Andrei Grachev, the head of DWF Labs, has shared that the firm has withdrawn 2 million CRV tokens from the crypto exchange Binance to their on-chain wallet. Moreover, he mentions that the firm is doing some inventory management. And in the future, the firm will send the coin back to the crypto exchange Binance.

Following the transaction, Curve DAO Token has experienced a remarkable surge of around 5%. The sudden surge takes the price to reach $0.4949. The significant surge in CRV has caught the attention of the entire crypto market. However, the bullish trend does not last for too long. Following the surge, the CRV token falls back into the downtrend.

At the time of writing, Curve DAO Token has been trading at $0.4596, with a decline of over 4.25%. However, the daily trading volume has experienced a surge of 125.14%, according to CoinMarketCap.