According to data from DeBank, Rune Christensen, co-founder of MakerDAO, bought a total of 2.5 trillion SHIB with an investment of $500,000 USDC when the meme coin market was about to take off in early March. The average price was $0.00002 per SHIB. This move sparked discussions within the community, as even the co-founder of MakerDAO seemed to be caught up in the meme frenzy.
However, according to information shared by on-chain analyst Yu Yin, Rune Christensen sold 8 billion SHIB (equivalent to $244,000 USDC) and 150,000 LDO (equivalent to $488,000 USDC) last night. He then spent $1.3 million USDC to buy 619 MKR tokens at a price of around $2,100 per token.
This action has earned praise from the community, as the founder used his own money to speculate on meme coins and then used the profits to buy back governance tokens for his own project. It truly showcases his vision. As of now, Rune Christensen still holds 1.7 trillion SHIB, with a total value of approximately $540,000. The current market price has increased by about 60% compared to the purchase price.
