According to data from DeBank, Rune Christensen, co-founder of MakerDAO, purchased a total of 2.5 billion SHIB with a total investment of $500,000 USDC when the meme coin market was about to take off in early March. The average price was $0.00002. This move sparked discussions in the community, suggesting that even the co-founder of MakerDAO had fallen into the meme frenzy.
However, according to information shared by on-chain analyst Yu Yan, Rune Christensen sold 8 billion SHIB (equivalent to 244,000 USDC) and 150,000 LDO (equivalent to 488,000 USDC) last night. He also spent 1.3 million USDC to buy 619 MKR, with a purchase price of approximately $2,100.
This move has impressed the community. The founder used his own money to speculate on meme coins and then used the profits to buy back the governance token of his own project. It truly shows his vision. As of now, Rune Christensen still holds 17 billion SHIB, with a total value of approximately $540,000. The current market price has increased by about 60% compared to the purchase price.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …