Ethereum

Token

Solana

Rune

<ul> 
 <li>The swapped 350 ETH was then transferred to the address 0x3f6.</li> 
 <li>&nbsp;The sale could also be related to the recent statement by MakerDAO founder.</li> 
</ul> 
Prominent independent reporter with the twitter handle @WuBlockchain revealed an unexpected sale by <a href="https://thenewscrypto.com/ethereum-eth-drops-below-1700-after-declining-3/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> co-founder <a href="https://en.wikipedia.org/wiki/Vitalik_Buterin" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a>: he swapped 500 MKR tokens for 350 ETH, a deal worth around $581,000. The swapped 350 ETH was then transferred to the address 0x3f6. Buterin’s sale of MKR tokens, the first in two years, has raised suspicions in the cryptocurrency industry. 
This news follows a short spike in the trading price of MKR tokens, which some speculate may have been caused by whale activity. There has been a notable uptick in MakerDAO’s core functionality. 
Nonetheless, the MakerDAO community’s statement on August 28 announcing the establishment of SubDAOs in South Korea looks to be a major driver behind the increasing price of MKR tokens. This method has generated a lot of buzz in the blockchain space as it seeks to unleash DAOs’ full potential. 
<h3 class="wp-block-heading" id="h-migration-from-ethereum">Migration from Ethereum</h3> 
As investors and enthusiasts wonder what prompted Vitalik to sell his MKR tokens for the first time in two years, the market as a whole may have corrected, which might explain the decline in value. Moreover, the sale could also be related to the recent statement by MakerDAO founder. 
The fifth and last phase of the Endgame was described by MakerDAO creator Rune Christensen in a blog post for the <a href="https://thenewscrypto.com/makerdao-adds-u-s-treasury-bonds-worth-700-million/" target="_blank" rel="noopener noreferrer nofollow">MakerDAO</a> community recently. This step entails rebuilding the MakerDAO protocol on a new, separate blockchain. 
Despite the fact that MakerDAO has been built on Ethereum from day one. Instead of utilizing the Ethereum Virtual Machine (EVM), the next native chain will be built on a fork of the <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> codebase. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/exchange-news-token-transfers-by-insolvent-ftx-raises-questions-amid-uncertainty/" target="_blank" rel="noopener noreferrer nofollow">Token Transfers by Insolvent FTX Raises Questions Amid Uncertainty</a>

Ethereum Co-founder Vitalik Buterin Sells 500 MKR Token

Table of Contents

TheNewsCrypto

Other articles published on Sep 2, 2023

The Truth About PEPE: Why It’s Highly Unlikely to Reach $1 in Value

Altcoins are Dead? Not So Fast, Says Prominent Analyst

4.8 Billion XRP Marks Highest On-Chain Transaction Volume in Months

Robinhood Repurchases SBF’s Stake in the Company

UNIBOT Faces Critical Test at $152 Resistance After 34% Breakout Says Top Crypto Analyst – Here’s...

Marathon Digital: Bulls Backing MARA Stock Price; Surged Over 99%

Join our free newsletter for daily crypto updates!