TechFlow reports, according to on-chain analyst Yujin, since November 2022 MakerDAO co-founder Rune has been selling LDO to repurchase MKR. Two addresses now hold a total of 123,893 MKR (worth approximately $122 million), accounting for 12.6% of MKR's total circulating supply (977,631 MKR).
Specifically, from November 2022 to April 2023, a total of 13.57 million LDO were sold at an average price of $1.92 (worth about $26.14 million). From November 2022 to July 2023, a total of 32,637 MKR were purchased at an average price of $734 (worth about $23.95 million). All funds used for MKR buybacks came from LDO sales.
Add to Favorites
Share to Social Media
