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Andrei Grachev, managing partner of crypto market maker DWF Labs, said that the company has withdrawn 2 million $CRV from Binance to its on-chain wallet. He described the transactions as "inventory management", and said, "Maybe we will send coins back to Binance in the future, will keep you posted!"
DWF Labs is among the buyers who purchased $CRV from Curve founder Michael Egorov via OTC. According to an agreement between Egorov and the buyers, the tokens need to be locked for six months. 10 days ago, however, DWF Labs transferred 2 million $CRV to Binance. Grachev clarified that the transaction was just "for trading needs", while Egorov said he believed the OTC buyers would stick with the lockup agreement.
Related: Curve Founder Believes $CRV OTC Buyers Will Stick with 6-Month Lockup
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