Vitalik Buterin, co-founder of Ethereum, just executed a significant transaction involving the sale of 500 Maker (MKR) tokens, valued at approximately $581,000, in exchange for 350 Ether (ETH). The transaction was conducted through the decentralized exchange CoWSwap and marks the first time Buterin has sold MKR tokens in two years. Following the sale, the received ETH was transferred to the address prefix 0x3f6.
The transaction has drawn attention due to its potential implications for both MKR and ETH markets.
Market Context
At the time of writing, Maker (MKR) is trading at $1,142, while Ether (ETH) is priced at $1,635, according to Binance.
Maker (MKR) is a governance token associated with MakerDAO, a decentralized autonomous organization on the Ethereum blockchain. MKR has seen a significant price fluctuation over the past few months, surging over 100% from its lowest point of $511 on June 10, 2023, to a peak of $1,370 on…
