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.