For the past two weeks, a certain multisign wallet linked to MakerDAO, has moved $14.4 million worth of MKR to different exchanges
A multisign wallet is a short form for a multi-signature wallet that acts as a storage option for organizations. To unlock assets from this kind of wallet, two or more private keys must be administered.At press time, MKR changed hands at $2,952, representing a 3.84% decline in the last 24 hours.As of this writing, ETH’s price was $3,216— a 1.48% increase within the same period MKR dropped.
If this happens, ETH might continue to decouple from MKR, and the price of the latter might drop below $2,800. But a further drop could be a good thing for the token’s value.shown by the Market Value to Realized Value Ratio . This metric tracks profitability and the perceived valuation of a token. Should this happen again, the price of MKR could rise to $3,545 within a few weeks. Furthermore, the one-day Realized Cap shared this sentiment.At press time, the Realized Cap was down to 9.23 million. This decline was proof that old tokens were realizing profits.
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