- 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.
Wallet 0xa58 (linked to @RuneKek, #MakerDAO cofounder) has sold 2,235 $MKR for 4.542M $DAI at $2,032 on average in the past 2 days.Currently, the wallet still holds 2,430 $MKR ($4.92M), and may keep selling.
The $MKR price has been down ~3.39% (2D), since the first sale.
Want… pic.twitter.com/iW2A0pMLHx
— Spot On Chain (@spotonchain) January 28, 2024
Typically, when founders sell some of their tokens, it shakes the confidence the community has in the project. However, it is …
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