Amber Group Sells $2.2 Million Worth of MKR

Amber Group Sells $2.2 Million Worth of MKR

Amber Group Sells 1150 MKR Tokens On-chain analyst ai_9684xtpa has identified a transaction in which Amber Group, a crypto market maker, sold approximately 1,150 MKR tokens, valued at around $2.2 million. This transaction occurred approximately 8 hours ago. Despite the sale, Amber Group still holds a significant amount of MKR, with an estimated 6,919 tokens remaining in its wallet. These tokens were acquired at an average price of $1,997, and the group has already realized a profit of $9.23 million through two transactions. This news follows previous reports of Amber Group's involvement in the cryptocurrency market. The group has been an active participant in the decentralized finance (DeFi) space, and this latest transaction highlights its continued interest in the sector. What is MKR? MKR is the native token of the MakerDAO platform, a decentralized autonomous organization (DAO) that governs the stablecoin DAI. MKR holders have the ability to vote on changes to the MakerDAO protocol and receive a portion of the platform's fees. Conclusion The sale of MKR by Amber Group is a significant event that could impact the price of the token. It is important to note that this is not the first time that Amber Group has engaged in such transactions, and it is likely that the group will continue to play a role in the cryptocurrency market.