MakerDAO initial investors sold 1,050 MKR after holding for 10 years, cashing out approximately $1.316 million transferred to Kraken

According to on-chain analyst Yu Jin (@EmberCN), an address belonging to the initial team/investors of MakerDAO sold all 1,050 MKR, which had been held for nearly 10 years, 20 minutes ago, exchanging it for 1.316 million USDC before transferring it to Kraken exchange. This address originally received the aforementioned MKR in April 2016 and had not moved any of it for 10 years, except for a migration operation during the token upgrade in 2018.