Giant DeFi Altcoin’s Team Headed for Heavy Sales After Strong Rally!

Decentralized finance (DeFi) giant MakerDAO (MKR) team has once again taken action for sales. According to data shared by the on-chain analysis platform Spot On Chain, the Maker DAO team rolled up its sleeves for MKR sales once again. The data revealed that the team’s multi-signature wallet sold 523 MKR worth $1.92 million on average for $3,664 over-the-counter. The market maker Wintermute was chosen for the sales process. This move, which came after the price rose above $3,600 for the first time in two and a half years, did not come as a surprise. The team had already started sales before the price reached these levels. Wallets associated with the team have carried 2,918 MKR worth $9.2 million to Wintermute OTC since March 17. These transactions were carried out at an average of $3,179. According to CoinGecko data, MKR, which has shown a 12% increase in the last 1 week, […]

Giant DeFi Altcoin’s Team Headed for Heavy Sales After Strong Rally!

Decentralized finance (DeFi) giant MakerDAO (MKR) team has once again taken action for sales.

According to data shared by the on-chain analysis platform Spot On Chain, the Maker DAO team rolled up its sleeves for MKR sales once again.

The data revealed that the team’s multi-signature wallet sold 523 MKR worth $1.92 million on average for $3,664 over-the-counter. The market maker Wintermute was chosen for the sales process.

This move, which came after the price rose above $3,600 for the first time in two and a half years, did not come as a surprise. The team had already started sales before the price reached these levels.

Wallets associated with the team have carried 2,918 MKR worth $9.2 million to Wintermute OTC since March 17. These transactions were carried out at an average of $3,179.

According to CoinGecko data, MKR, which has shown a 12% increase in the last 1 week, is trading at $3,600 as of the time of writing.

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