A significant transfer of 4.29 million CRV tokens, valued at approximately $2.35 million, was made to Kraken by a whale address, resulting in a 5% drop in CRV's price. On-chain data reveals that the tokens were initially withdrawn from Kraken at an average price of $0.72 between April and May. The recent transfer occurred at a price of $0.54, leading to an estimated loss of $747,000 if the tokens were sold.