Suspected MakerDAO multi-signature address transferred approximately $14.4 million of MKR to Wintermute in 2 weeks

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Cointime2024/04/22 03:49

By:Cointime

According to Spot On Chain monitoring, the suspected MakerDAO multi-signature address 0xbba has been continuously moving $MKR out before the price drops, as reported by DeepChain TechFlow. In the past two weeks, the multi-signature address has sent a total of 4,535 $MKR (worth about $14.4 million) to Wintermute Trading almost every day, and then deposited it into CEX such as Binance, Coinbase, or Kraken, and the price has tended to decline after the deposit. Currently, the multi-signature still holds 21,928 $MKR (worth about $65.8 million), and may transfer more tokens out.

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Share link:In this post: The Ethena Protocol will follow Wintermute’s proposal and activate a fee switch. Wintermute had previously noted that the protocol lacked a proper framework for revenue allocation to its holders. Ethena Foundation welcomed the firm’s proposal, saying it could see the potential benefits.

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