On-chain crypto analyst EmberCN reported via Twitter that "Sky (SKY, formerly MakerDAO) founder Rune Christensen sold 25 million LDO tokens." The average selling price is estimated to be $1.87, yielding an estimated $46.73 million. Of this, $30.02 million was used to purchase 36,000 MKR. This transaction is notable because it represents a significant amount of LDO being sold by one of the project's founders. It is unclear what Christensen's reasons for selling are, but it is possible that he is taking profits or diversifying his portfolio.

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