MakerDAO co-founder Rune, the management token of the Maker protocol according to on-chain data in the MKR altcoin increased its holdings.
Rune transferred 5 million DAI, a US dollar-pegged stablecoin to 0x0f8 on July 15, and used the 620,000 DAI to purchase 620 MKR tokens at an average price of $1,000 per token.
He would later transfer another stablecoin, 2 million USDC, to a popular platform where he could potentially buy more MKR tokens. cryptocurrency transferred to Coinbase.
The founder’s last MKR purchase was 1.5 months ago.
According to DeBank, a DeFi analytics platform, Rune has around $148 million worth of cryptocurrencies in its wallet. Of this amount, $25 million is in the MKR token, and $5.4 million is in the LDO token related to the Lido protocol, which allows staking Ethereum on Ethereum 2.0.
In addition, the founder has staked $97 million in MKR and $21 million in DAI stablecoins.
*Not investment advice.
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