MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip?
- MakerDAO founder sold 2,235 MRK tokens valued at $4.54 million.
- Bulls’ attempt to flip the $2,079 resistance could be rejected by sellers.
- The RSI formed a positive divergence, indicating a potential to run past $2,147.
According to Spot On Chain, a wallet linked to MakerDAO’s founder Rune Christensen has sold $2,235 MKR tokens 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.
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.
Typically, when founders sell some of their tokens, it shakes the confidence the community has in the project. However, it is …
The post MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip? appeared first on Coin Edition.
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MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip?
- MakerDAO founder sold 2,235 MRK tokens valued at $4.54 million.
- Bulls’ attempt to flip the $2,079 resistance could be rejected by sellers.
- The RSI formed a positive divergence, indicating a potential to run past $2,147.
According to Spot On Chain, a wallet linked to MakerDAO’s founder Rune Christensen has sold $2,235 MKR tokens 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.
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.
Typically, when founders sell some of their tokens, it shakes the confidence the community has in the project. However, it is …
The post MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip? appeared first on Coin Edition.
Read More