Decentralized finance (DeFi) giant MakerDAO (MKR) team has taken action for sales again.
According to data transferred by the on-chain analysis platform Spot On Chain, the MakerDAO team rolled up its sleeves for another MKR sale.
The data revealed that the multi-signature wallet sold 523 MKR worth $1.92 million at an average of $3,664 OTC. The market maker Wintermute was preferred for the sale.
This move, which came with the price rising above $3,600 for the first time in two and a half years, did not come as a surprise. The team had started sales before the price reached these levels.
Wallets associated with the team have moved 2,918 MKR worth $9.2 million to Wintermute OTC since March 17, at an average of $3,179.
According to CoinGecko data, MKR, which has shown a 12% increase in the last 1 week, is trading at $3,600 at the time of writing.
