Decentralized finance (DeFi) giant MakerDAO (MKR) team has once again taken action for sales.
According to data shared by the on-chain analysis platform Spot On Chain, the Maker DAO team rolled up its sleeves for MKR sales once again.
The data revealed that the team’s multi-signature wallet sold 523 MKR worth $1.92 million on average for $3,664 over-the-counter. The market maker Wintermute was chosen for the sales process.
This move, which came after the price rose above $3,600 for the first time in two and a half years, did not come as a surprise. The team had already started sales before the price reached these levels.
Wallets associated with the team have carried 2,918 MKR worth $9.2 million to Wintermute OTC since March 17. These transactions were carried out at an average of $3,179.
According to CoinGecko data, MKR, which has shown a 12% increase in the last 1 week, is trading at $3,600 as of the time of writing.
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