MakerDAO-Linked Address Ends $92M MKR Distribution Spree After 4 Months

IconCryptoNewsTerminal Staff21 Jul, 2024

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MakerDAO-Linked Address Ends $92M MKR Distribution Spree After 4 Months

MakerDAO-linked address has ended its four-month-long distribution spree, depositing $6.27 million worth of MKR to Binance. The sell-off began on March 18, with the address selling a total of 30,971 MKR ($92.08 million) over the period. The average deposit price to exchanges was $2,973. The address's distribution ended with a 2,228 MKR deposit to Binance, bringing the total value of the distributed MKR to $98.35 million. MKR, MakerDAO's governance token, is currently trading at $2,920.71, up 3.71%.