BlockBeats News, July 24th, according to EmberCN monitoring, an address belonging to an early MakerDAO team member or investor sold nearly 10 years' worth of MKR tokens 40 minutes ago and converted the funds to USDC.

The data shows that this address received 1050 MKR in April 2016 and has not made any transfers since then, except for a wallet migration during the 2018 MKR token upgrade.

This time, the address sold all 1050 MKR, received approximately 1.316 million USDC in exchange, and transferred it to the Kraken exchange.