MakerDAO Dominates with $122 Million In MKR Holdings

Key Points:

• MakerDAO Lianchuang Rune has accumulated 123,893 MKR coins, equivalent to $122M USD, accounting for 12.6% of total MKR circulation.
• Sale proceeds of LDO coins were used to purchase MKR coins.
• Confidence in the MakerDAO ecosystem: Increased MKR holdings by MakerDAO Lianchuang Rune may have significant implications for project governance and overall market dynamics.

According to Ember, MakerDAO Lianchuang Rune has been actively acquiring MKR coins since November 2022, resulting in a significant accumulation of holdings.

The monitoring data reveals that the two addresses associated with MKR Lianchuang Rune currently possess a combined total of 123,893 MKR coins, equivalent to approximately $122 million USD. This remarkable figure accounts for 12.6% of the total MKR circulation, which stands at 977,631 MKR.

Ember’s analysis further illustrates the timeline and details of the transactions. From November 2022 to April 2023, a total of 13.57 million LDO (Liquid Doge) coins were sold, generating approximately $26.14 million USD in revenue. The average selling price during this period amounted to $1.92 USD per LDO coin. Subsequently, between November 2022 and July 2023, MKR Lianchuang Rune purchased 32,637 MKR coins, amounting to a value of approximately $23.95 million USD. The average purchase price for MKR coins was $734 USD.

What sets MakerDAO Lianchuang Rune’s accumulation strategy apart is its funding source. The proceeds from the sale of LDO coins were utilized to finance the purchase of MKR coins. This approach not only allowed MKR Lianchuang Rune to bolster its MKR holdings but also ensured a sustainable and self-reliant financial strategy.

The accumulation of such a substantial MKR coin holding by MakerDAO Lianchuang Rune indicates their confidence in the future prospects and potential of the MakerDAO ecosystem. As one of the leading decentralized finance platforms, MKR has been gaining traction and recognition within the crypto community. The increased MKR holdings by MakerDAO Lianchuang Rune may have significant implications for the project’s governance, decision-making, and overall market dynamics.

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