DFG Founder James Wo Deposits $3.47 Million in $MKR to Binance

Wo's recent deposits bring his total to 3,700 $MKR, potentially yielding significant profits based on current market prices.

MKR

Summary

James Wo, founder of DFG, has deposited 1,700 $MKR valued at $3.47 million to Binance. This follows his earlier sale of 5,419.66 $MKR for $6.56 million at an average price of $1,210. His total deposits since yesterday amount to 3,700 $MKR, which could generate a profit of $3.27 million if sold at the current price of $2,094, reflecting a 73% return over four months.

Terms & Concepts
  • $MKR: The native cryptocurrency of the Maker Protocol, used for governance and stability of the DAI stablecoin.
  • Binance: A leading global cryptocurrency exchange platform that enables trading of various digital assets.
  • DAI: A stablecoin created by the Maker Protocol, pegged to the US dollar and maintained through a system of smart contracts.