Vitalik Buterin sold MKR tokens for $580,000
Date: 2023-09-03 Author: Karina Ziganova Categories: BUSINESS
Ethereum co-founder Vitalik Buterin sold all of his MKR tokens for 353 ETH worth about $580k.
The deal attracted the attention of members of the cryptocurrency community and caused a number of speculations about the reasons for the sale. Some believe that Buterin’s decision was influenced by the recent announcement by MakerDAO founder Rune Christensen about plans to launch his own NewChain blockchain, which can be implemented as a fork of Solana. The project is currently running on Ethereum.
Buterin gets rid of MKR
The KPO was the same as a member of the pickey, which he considers SOLANA a preferred option for launching NewChain is a taxi and ophthimization of the bass, the use of the action. FTX and the success of the fractions of the fractions, there are Puth Network. In the future, NewChain will act as a secure bridge between Ethereum and Solana, providing a “useful boost to the network effect of the entire multi-chain economy.”
“The Ethereum Virtual Machine (EVM) remains the most important for projects that provide services to users. But for a specialized blockchain for Maker needs, the EVM is not ideal. Solutions like Solana or Sei fit much better,” Christensen wrote in a blog post.
Shortly after the MakerDAO blog post was published, Buterin exchanged all 500 MKR tokens in his possession for ETH.
The last time the Ethereum co-founder sold MKR was two years ago. Then he donated 100 coins to the COVID-19 relief fund in India.
The community speculates on the sale motives
The sale of MKR by Buterin aroused the interest of leading figures in the crypto industry, including Tron Network founder Justin Sun.
Some members of the crypto community suggest that the actions of the co-founder of Ethereum were a response to Christensen's statement. However, this seems unlikely, especially given that Vitalik has repeatedly supported Solana in the past.
Others interpret the deal as a bearish signal and Buterin's hint of a lack of faith in the long-term sustainability of the MakerDAO strategy and the price action of the MKR token.
