Data: a16z sold 7 million dollars worth of MKR at a high, and still holds 14 million dollars worth of MKR
ChainCatcher news, according to CoinDesk, as the price of MakerDAO's governance token MKR skyrockets to nearly a one-year high, currently quoted at around $1140, a16z is selling MKR tokens.
According to Etherscan data, Andreessen Horowitz (a16z) transferred about $7 million worth of MKR from a16z's crypto wallet to a newly created address last Thursday. Starting from last Saturday, the new wallet began transferring 1380 tokens (worth about $1.5 million) daily to the crypto exchange Coinbase. As of Tuesday, the total deposits from that wallet to Coinbase amounted to $6.1 million.
a16z's crypto wallet still holds 12,395 MKR (accounting for 1.3% of its circulating supply), valued at $14 million.
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