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


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

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  • 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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Coins

$ 1.82K

+31.2%

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$ 0.00102

$ 1.00020

-0.06%

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