BlockTower Capital just transferred 1,815 MKR ($2.47M) to Galaxy Digital for some possible OTC sale:

• transaction: 0x62001609c3a15c2fad8b2b69855b77e48fec6546b004c4f7bd64ff59baf361b8
• address: 0x43adde52c6c142912662d3e427709db5cac9b811
• This address belongs to the entity BlockTower Capital

Currently, BlockTower Capital has an estimated total loss of $837K (-2.96%) from MKR, with 7,663 MKR ($10.51M) left in the VC's holding:

• accumulated 19,996 MKR from various CEXs and DEXs at an average price of $1,415 (estimated cost: $28.3M) between March 17, 2020, and April 16, 2024;
• further accumulated 557 MKR by providing liquidity on Uniswap;
• and then unloaded 12,901 MKR at an average price of $1,375 ($17.74M), mostly during the past 10 months.

Fig 1. The overall MKR trading history of BlockTower Capital.