According to ChainCatcher, Spot On Chain monitors that 11 hours ago, Placeholder VC deposited $32.75 million of MKR and UMA to Coinbase.

These tokens came from two wallets, including 7,250 MKR ($20.9 million) from "0x4fa" and 5 million UMA ($11.9 million) from "0xb0a".

It is reported that Placeholder is an investor in these two projects and obtained tokens at a low price:

MKR at an average price of $765 (4 times);

UMA at an average price of $0.382 (12 times).