Suspected MakerDAO multi-signature wallet deposited 750 MKR to Binance 2 hours ago

ChainCatcher news, according to monitoring by Spot On Chain, MakerDAO seems to have been depositing MKR into CEX. Two hours ago, the multi-signature wallet 0xbba (possibly MakerDAO) deposited 750 MKR (approximately 2.19 million USD) into Binance at an average price of 2920 USD.

Since March 18, 2024, this wallet has deposited 11,993 MKR (approximately 31.2 million USD) into CEX at an average price of about 3184 USD, usually before a price drop.

The wallet currently holds 18,978 MKR (approximately 55.2 million USD).