PANews reported on July 17 that according to on-chain analyst Yu Jin’s monitoring, since MakerDAO co-founder Rune began selling LDO to repurchase MKR in November 2022, the two addresses currently hold a total of 123,893 MKR (worth about $122 million), accounting for 12.6% of the total circulation of MKR (977,631 MKR). Among them, from November 2022 to April 2023, a total of 13.57 million LDO (worth about $26.14 million) were sold at an average price of $1.92; from November 2022 to July 2023, a total of 32,637 MKR (worth about $23.95 million) were purchased at an average price of $734. All funds for repurchasing MKR came from the sale of LDO.
