According to TechFlow, on September 6, according to Spot On Chain monitoring, an early investor of MakerDAO (MKR) realized a large amount of cash out after holding it for more than 7 years.
The investor purchased 451.5 old MKR tokens at a price of about US$23 in 2017. In the past 5 hours, the investor sold 251.5 MKR tokens at a price of US$1,624 per coin, with a total value of about US$408,000, and obtained 172.5 ETH, realizing a return on investment of about 70 times.
MakerDAO’s token price has fallen 24% since it changed its name to Sky.