According to @EmberCN, a whale or institution that sold various altcoins in mid-June bought 22 million CRV tokens for an average price of $0.34 each ($7.49M) following the liquidation event involving the CRV founder. However, seemingly due to a bearish outlook, this entity moved all 22 million CRV tokens ($6.45M) to Binance 9 hours ago. This transfer caused the CRV price to drop from $0.293 immediately after the tokens were moved to Binance.