Ethereum co-founder Vitalik Buterin sells all MKR tokens
Ethereum co-founder Vitalik Buterin has sold all his MKR tokens, raising speculation about his motives. The sale comes after MakerDAO founder Rune Christensen praised Solana’s blockchain, leading some to believe that Buterin sold in reaction to this endorsement.
Key points:
- Buterin sold his entire 500 MKR token holdings, earning around $581,000 in ETH
- This is the first time Buterin has sold MKR tokens since 2021
- Some believe this could be a bearish indicator or a lack of faith in MakerDAO’s strategies
- MKR has been performing well recently, gaining 9.1% in the last seven days
- Buterin has a history of divesting from his digital assets, including selling 600 Ether in August
Hot Take:
The sale of Vitalik Buterin’s MKR tokens has sparked curiosity among the crypto community. While some question his motives, it is unclear whether this is a retaliatory move or a lack of faith in MakerDAO. However, given Buterin’s previous endorsements of the Solana network, it is unlikely to be a direct reaction. The sale highlights the continuous evaluation and decision-making process of crypto investors, and the impact it can have on the market.
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