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<p class="is-style-lead">Justin Sun, the Tron network founder and crypto investor, made a transfer of MakerDAO&#8217;s maker (MKR) tokens worth $4.3 million to the crypto exchange Binance.</p>



<h2 class="wp-block-heading" id="sun-transfers-tokens">Sun transfers tokens</h2>



<p>Recent blockchain data analyzed by <a href="https://globeecho.com/business/crypto/justin-sun-moves-4-3m-of-makerdaos-tokens-to-binance-blockchain-data/" target="_blank" rel="noreferrer noopener">Arkham Intelligence </a>has revealed that a wallet associated with Justin Sun, the founder of the Tron network, initiated a transaction involving 6,802 MKR tokens (at a price of $633.96 USD the tokens would be $4.3 million). </p>



<p>The tokens were sent from the aforementioned wallet to a Binance account, with the transaction passing through an intermediary wallet in the process.</p>



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<p>Maker (MKR) serves as the governance token for MakerDAO and the Maker Protocol, two interconnected entities operating on the Ethereum blockchain.</p>



<p>The inception of MKR dates back to 2015, with its launch occurring in December 2017. The project&#8217;s primary objective revolves around facilitating the operation of DAI, which stands as a community-managed digital currency, offering a soft peg to the US dollar.</p>



<p>The MKR token&#8217;s spot market continues to be characterized by low liquidity and thin trading volumes, indicating that substantial sell orders have the potential to exert influence on the token&#8217;s price. </p>



<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="504" src="https://crypto.news/app/uploads/2023/05/Screen-Shot-2023-05-23-at-9.44.37-AM-1024x504.png" alt="Justin Sun transfers $4.3m in MKR tokens to Binance - 1" class="wp-image-14160271"><figcaption class="wp-element-caption">MKR to USD Chart | Source: <a href="https://coinmarketcap.com/currencies/maker/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a></figcaption></figure>



<p>The current price of Maker (MKR) remains at $633.96 USD, with a 24-hour trading volume for MKR at $11,761,744 USD.</p>



<h2 class="wp-block-heading" id="the-beginning-of-the-endgame">The beginning of the endgame</h2>



<p>This transfer was made amid an ongoing process of restructuring MakerDAO&#8217;s governance structure, known as Endgame.</p>



<p>Spearheaded by Rune Christensen, the protocol&#8217;s founder, the overhaul entails the division of the decentralized autonomous organization (DAO) into smaller, self-governing entities referred to as SubDAOs. </p>



<p>The initiative also includes the introduction of upgraded versions and new names for its DAI stablecoin and MKR governance token, as well as a shift towards investing a larger portion of its reserves into real-world assets.</p>



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Justin Sun transfers $4.3m in MKR tokens to Binance

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