MKR Co-Founder's $4M Sale Sparks Market Concerns, but MKR Remains Resilient
4 weeks ago 1 min read

Maker (MKR) co-founder sells over $4 million in Maker, causing market concerns

At the start of the new year, Maker (MKR) demonstrated resilience in the face of some market downturns, maintaining its strength despite prevailing downward trends. However, a recent notable wallet transfer involving the sale of millions of dollars worth of MKR on exchanges has raised market concerns. The wallet in question is linked to one of MakerDao‘s co-founders, and the sale of 2,235 MKR, worth over $4 million, drew attention due to the wallet owner’s prominence, raising concerns about a potential market dump. Despite a decline in trading volume, which fell from $84 million on January 25 to around $43