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Two institutions deposited more than $10 million in MKR to CEX

BlockBeats news, on July 16, according to spotonchain monitoring, in the past 5 hours, two institutions Nascent and MakerDAO deposited 3,566 MKR (worth $10.29 million) to Binance, including:


Nascent deposited 1,216 MKR (worth $3.49 million), with an estimated profit of $2.9 million (+294%). Subsequently, the venture capital company withdrew 141 billion PEPE (worth $1.6 million), 281,000 LDO (worth $508,000) and 3.41 million USDT from Binance.


The multi-signature address 0xbba (suspected MakerDAO) deposited 2,350 MKR (worth $6.8 million). Since April 25, MakerDAO has allegedly sold 16,000 MKR ($45.2 million) at a price of approximately $2,823.

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In the past three months, MakerDAO's multi-signature address has transferred a total of 13,650 MKR to exchanges, with a total value of approximately US$38.46 million, at an average price of US$2,817 per coin.
Co-founder of MakerDAO introduced the upgrade of DAI and MKR to a unified brand, temporarily named NewStable (NST) and NewGovToken (NGT), and presented all the key elements of the Maker Endgame.
The MakerDAO community has "disbanded" their "Content Production Core Unit" with a slim majority.
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