Binance Labs transfers 12.5 million CRV to Binance

Binance Labs transferred 12.5 million CRV (worth $10 million) to Binance one hour ago, as monitored by on-chain analyst Yu Jin. These 12.5 million CRV were purchased by Binance Labs from Curve founder Michael Egorov for $5 million in August last year at a price of $0.4 per unit. The purchase came with a 6-month lock-up period, which ended on February 1st this year. The current price of CRV is $0.8, which would result in a profit of $5 million (+100%) if sold.