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MakerDAO Founder Converts 200,000 DAI into MKR Tokens!

August 26, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Crypto Dwell Information

Writer: Mustafa Mulla Aug 26, 2023 10:08

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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MakerDAO founder Rune Christensen has been noticed remodeling 200,000 DAI tokens into 197.5 MKR tokens. The transactions had been monitored by Spot On Chain and had been finished at a mean value of $1,013, roughly 21 and 12 hours in the past. The transfer is seen as a present of confidence in MKR, which is at present buying and selling at $938. MakerDAO is a decentralized lending platform that enables customers to borrow DAI stablecoins towards the collateral of cryptocurrencies like ETH and BAT. The platform has acquired traction in recent times because of its distinctive method to stablecoins and decentralized finance.

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Tags: ConvertsDAIFounderMakerdaoMKRTokens
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