2024

Rune

Million

Spot

Coin

<ul class="news-points"> 
 <li>MakerDAO founder sold 2,235 MRK tokens valued at $4.54 million.</li> 
 <li>Bulls’ attempt to flip the $2,079 resistance could be rejected by sellers.</li> 
 <li>The RSI formed a positive divergence, indicating a potential to run past $2,147.</li> 
</ul> 
According to Spot On Chain, a wallet linked to MakerDAO’s founder Rune Christensen has sold $2,235 <a href="https://coinedition.com/why-maker-mkr-can-reach-2000-as-new-year-fever-begins/">MKR tokens</a> in the last two days. Christensen liquidated the tokens at an average price of $2,023, meaning that the total sale was worth $4.54 million.&nbsp; 
The post also mentioned that the said wallet still owns 2,430 MKR. It also mentioned that the price of the token has decreased by 3.39% since the first sale. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Wallet 0xa58 (linked to <a href="https://twitter.com/RuneKek?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@RuneKek</a>, <a href="https://twitter.com/hashtag/MakerDAO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MakerDAO</a> cofounder) has sold 2,235 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MKR</a> for 4.542M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DAI</a> at $2,032 on average in the past 2 days. Currently, the wallet still holds 2,430 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MKR</a> ($4.92M), and may keep selling. The <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MKR</a> price has been down ~3.39% (2D), since the first sale. Want… <a href="https://t.co/iW2A0pMLHx" target="_blank" rel="nofollow">pic.twitter.com/iW2A0pMLHx</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1751437674463002753?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
Typically, when founders sell some of their tokens, it shakes the confidence the community has in the project. However, it is …
The post <a href="https://coinedition.com/makerdaos-founder-dumps-4-54-million-mkr-should-you-buy-the-dip/">MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip?

Coin Edition

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