TechFlow reports, according to on-chain analyst烬 (Yujin), a multi-sig address (0xbba) labeled as belonging to Maker by Nansen has allegedly sold 6,605 MKR ($21.81M) via Wintermute over the past 28 days.
This address received a total of 30,971 MKR between 2020 and 2023 from multiple wallets labeled as belonging to Maker, including Maker: MultiSig. Starting 28 days ago (March 18), it began consistently transferring MKR in batches to Wintermute's addresses, which subsequently forwarded these MKR tokens to exchanges such as Binance and Coinbase.
◎ Since the outflows began 28 days ago (March 18), a total of 6,605 MKR ($21.81M) have been transferred out at an average price of approximately $3,303.
◎ Since 2024, MKR has surged by as much as 154% (from $1,600 → $4,074).
◎ The address still holds 24,366 MKR ($73.96M).
