Wu said that according to Spot On Chain monitoring, 11 hours ago, the venture capital firm Placeholder deposited a total of $32.75 million worth 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". Placeholder is an investor in these two projects and obtained tokens at low prices: MKR at an average price of $765; UMA at an average price of $0.382.