Early MakerDAO-linked wallet sells 1,050 MKR for 1.316 million USDC after 10 years
The address identified by EmberCN as likely tied to an initial MakerDAO team member or investor moved tokens received in April 2016 and sent the proceeds to Kraken.
USDC
SKY
Fact Check
The original EmberCN X post confirms every element of the claim: a MakerDAO initial team/investor address received 1,050 MKR in April 2016, held them for ~10 years (with only a 2018 upgrade migration), and sold them for 1.316M USDC transferred to Kraken. The post includes on-chain claim/sell addresses (0x74B7E..., 0xE26006...) verifiable on-chain. BlockBeats, PANews, and CoinNess independently reproduce these same figures and attribute them to EmberCN, matching the claim's details precisely.
Summary
A wallet identified by EmberCN as likely linked to an initial MakerDAO team member or investor sold 1,050 MKR for 1.316 million USDC and transferred the proceeds to Kraken about 20 minutes earlier. The address received the 1,050 MKR in April 2016 and had not moved the tokens since, apart from the 2018 MKR token upgrade migration. The transaction marks a rare move from a long-dormant wallet connected to MakerDAO’s early period. MKR is the pre-rebrand token of SKY, and each MKR had previously been exchangeable for 24,000 SKY.
Terms & Concepts
- MKR: The pre-rebrand token of SKY.
- USDC: A dollar-pegged stablecoin.
- MKR token upgrade migration: A transfer process used to move holdings to an updated version of the MKR token.