Rune Christensen, the founder of Sky (formerly MakerDAO), has lately been selling his Lido DAO (LDO) stake. Christensen was part of the original DAO of Lido Finance, and he had an initial allocation of 25 million LDO tokens.
His constant selling has slowly raised eyebrows and prompted discussions about why and what it might mean for the market.
Rune Christensen, founder of Sky (fka MakerDAO), is selling the last of the 25M $LDO he received as an initial DAO member of Lido Finance.
On Dec 17, 2020, when the price was $1.75, @RuneKek received 25M $LDO from @LidoFinance. Since 2022, he has gradually sold most of these… pic.twitter.com/p2oVAk6V1R
— Spot On Chain (@spotonchain) October 11, 2024
Lido DAO has been engaging with Christensen since its inception, when he was allocated LDO tokens at $1.75 each in December 2020. This sizable endowment was part of the protocol’s strategy to distribute governance staked between key community members for engaging and the ability
We współpracy z: https://www.thecoinrepublic.com/2024/10/12/whales-offloading-lido-dao-as-prices-struggle/
