Express

Anchorage Digital transfers 25,562 MKR to institutional business platform address, potentially for sale on CEX

Summary: According to on-chain analyst Yu Jin, 25,562 MKR ($42.6 million) was transferred from 10 Anchorage Digital custody addresses to an institutional business platform address half an hour ago, possibly for further transfer to CEX for sale. These 25,562 MKR were accumulated and stored through Anchorage Digital in January 2024 at an average price of $2,073. ...

According to on-chain analyst Yu Jin, 25,562 MKR ($42.6 million) was transferred from 10 Anchorage Digital custody addresses to an institutional business platform address half an hour ago, possibly for further transfer to CEX for sale. These 25,562 MKR were accumulated and stored through Anchorage Digital in January 2024 at an average price of $2,073. Today, almost two years later, they were transferred out at a price of only $1,667, resulting in a loss of $10.38 million.

Last Update:

Tags:
Link: Anchorage Digital transfers 25,562 MKR to institutional business platform address, potentially for sale on CEX   [Copy]
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 4 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 8 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 11 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 15 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 17 days ago
  • You need to login to comment.