Cream Finance has retrieved 2.5 million CRV and exchanged it on-chain for 1.1 million USDT
On-chain monitoring data shows that the third OTC buyer to sell/transfer out CRV is Cream Finance. Cream Finance spent 1 million UOTC last August to buy 2.5 million CRV and then deposited the CRV into Curve and Convex. An hour ago, Cream Finance withdrew all these CRVs and sold them on-chain for 1.1 million USDT, realizing a profit of $100,000 (+10%). The price of CRV has fallen by 6% (from $0.47 to $0.44) from when machibigbrother.eth transferred out the CRV at 9:30 am Singapore time until now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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