Ethereum Creator Vitalik Buterin Sells All Remaining MKR Tokens After Two Years of Inactivity
Ethereum (ETH) co-founder Vitalik Buterin has recently sold off the rest of his Maker (MKR) tokens after two years of inactivity. The on-chain data shows that Buterin’s Ethereum address traded 500 MKR for 353 ETH, which is equivalent to about $580,000. This trade occurred 861 days after Buterin’s last move, which was a 100 ETH donation to an Indian Covid Relief program.
Key Points:
– Buterin’s trade came shortly after Rune Christensen, the founder of MakerDAO and DAI, proposed plans to build a new native chain for the Maker ecosystem on a Solana (SOL) fork.
– Christensen highlighted the technical quality of the Solana codebase and its resilience, as well as the existing examples of the Solana codebase being forked and adapted to act as appchains.
– The proposal aims to address the technical debt of Maker and leverage the efficiency and resiliency offered by Solana.
In conclusion, Vitalik Buterin has sold off his remaining MKR tokens after a period of inactivity, coinciding with Rune Christensen’s proposal to build a new native chain for the Maker ecosystem on a Solana fork. This move suggests that there may be shifts and developments within the Maker ecosystem in the near future.
Hot Take
Vitalik Buterin’s decision to sell his MKR tokens indicates his lack of active involvement in the Maker ecosystem. It will be interesting to see how the proposed Solana fork for Maker will unfold and whether it will bring about the desired improvements and advancements for the project.
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