Rune Christensen, founder of Sky (fka MakerDAO), just sold 400,000 LDO for 407,269 USDC at $1.018 on average, after 7 months of inactivity:

• transaction 1: 0x1daf30046f298a8e9d61c5f11042bc9afd6c25afc6bcbe1e0983bae03bd3e4fb
• transaction 2: 0xd5d5dacc5fe213c0803343c2742fe1175b9e2121de0692ddc190fcdab8429f4e
• address: 0x0f89d54b02ca570de82f770d33c7b7cf7b3c3394
• This address belongs to the entity Rune Christensen (MakerDAO founder)

Notably, these LDO tokens were part of the 25M LDO that Rune Christensen received from Lido Finance as an initial DAO member on December 17, 2020, when the price was $1.75. Since 2022, he has gradually sold most of these tokens at an average price of $1.94.

Currently, Rune Christensen only holds 647,000 LDO ($666K).

Fig 1. The 4 latest MKR transactions by Rune Christensen, founder of Sky (fka MakerDAO).

Fig 2. The LDO selling history of Rune Christensen, founder of Sky (fka MakerDAO).

Fig 3. The current LDO holding of Rune Christensen, founder of Sky (fka MakerDAO).