Nascent just deposited the remaining 1,216 MKR ($3.49M) to Binance:

• transaction: 0x7ad5be92379b4fd7034ce649529673449a06b6f6ed71b306c093108f969620e1
• address: 0xbb8971e2f6d29ef9e56768caf23d0e11e9385d62
• This address belongs to the entity Nascent

Notably, this marks the end of the VC's first MKR trade with an estimated profit of $2.9M (+294%):

• withdrew 1,416 MKR from Binance at an average price of $696 (estimated cost: $985K) on April 4 and 6, 2023;
• deposited the tokens back to Binance at an average price of $2,742 ($3.88M) on January 19, February 5, and July 16, 2024.

Lastly, we noticed that in the past 2 hours, two institutions, Nascent and MakerDAO, have unloaded a total of 3,566 MKR ($10.29M) to Binance.

Fig 1. Nascent's latest MKR transactions.

Fig 2. Nascent's overall MKR trading history.