• Ethereum co-founder Vitalik Buterin’s significant MKR token sale raised questions about market sentiment.
• Rune Christensen’s proposal to use Solana’s codebase for MakerDAO’s NewChain marked a pivotal shift in DeFi.

MakerDAO [MKR], a prominent player in the decentralized finance (DeFi) sector, has maintained a strong presence over the years. It has garnered trust and popularity for its governance token MKR and its stablecoin DAI. However, recent events involving Ethereum’s co-founder, Vitalik Buterin, and MakerDAO’s ambitious “NewChain” project are reshaping its narrative.

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In an unexpected move that garnered significant attention, Vitalik Buterin made a substantial sale of his Maker holdings. This transaction involved the sale of 500 MKR tokens for 350 ETH and was executed via CoWswap.

Notably, this sale marked Vitalik’s first disposition of MKR in two years. Following the sale, the 350 ETH proceeds were transferred to the address 0x3F…2aEB. As of now, this address held assets valued at $1.09 million, including 415.76 ETH.

After 2 years of dormancy, @VitalikButerin sold all remaining 500 $MKR for 353 $ETH ($580K) 6 hrs ago.https://t.co/S6EC2lwxLq pic.twitter.com/tj8baxcJgO

— Lookonch

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Author: Himalay Patel

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