MakerDAO Rule MKR Holdings with $122 Million

MakerDAO Rule MKR Holdings with $122 Million

123,893 MKR coins are presently held by the addresses associated with MKR Lianchuang Rune, which is equivalent to approximately $122 million, according to the monitoring data. This impressive sum represents 12.6% of the total MKR coins in circulation or 977,631 MKR.

The analysis conducted by Ember provides additional details regarding the transactions. Approximately $26.14 million was generated from selling 13,57 million LDO (Liquid Doge) coins between November 2022 and April 2023. The average selling price per LDO coin during this period was $1.92. Then, between November 2022 and July 2023, MKR Lianchuang Rune acquired 32,637 MKR coins worth approximately $23,95 million. The average cost to acquire MKR coins was $734.

MakerDAO Rule MKR Holdings with $122 Million

The funding source is what makes the MakerDAO Lianchuang Rune accumulation strategy unique. The funds generated from the sale of LDO coins were used to purchase MKR coins. This strategy not only enabled MKR Lianchuang Rune to increase its MKR holdings but also ensured a self-sufficient and sustainable financial process.

MakerDAO Rule MKR Holdings with $122 Million

MakerDAO Lianchuang Rune’s significant accumulation of MKR coins demonstrates their confidence in the prospects and potential of the MakerDAO ecosystem. As a prominent decentralized financial platform, MKR is acquiring popularity and recognition within the cryptocurrency community. MakerDAO Lianchuang Rune’s increased MKR holdings may significantly impact the project’s governance, decision-making procedures, and overall market dynamics.

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