PANews reported on October 28 that according to on-chain analyst @ai_9684xtpa, the CARV team-related address recharged 4 million CARV to Bybit 4 hours ago, about 3.29 million US dollars. The address received 12 million CARV 3 days ago. The source of funds can be traced back to the CARV deployment address, and all have been transferred to the exchange so far, with a total value of 9.91 million US dollars.

Update: According to the CARV team, the token transfer is part of the ecosystem cooperation with Aethir, and 1.2% of the token supply will be used for staking. It should be noted that the token sale actually took place on Upbit, not Bybit, and non-Korean entities and individuals (including the CARV Foundation) cannot trade on Upbit.