Sky founder Rune sells 400,000 LDO tokens

PANews reported on October 11th that Spot On Chain monitoring shows Rune Christensen, the former founder of Sky (previously MakerDAO), is selling the last portion of his 25 million $LDO tokens obtained as an initial DAO member of Lido Finance.

On December 17, 2020, when the price was $1.75, Rune received these tokens. Starting from 2022, he gradually sold most of the $LDO at an average price of $1.94. In his most recent transaction, Rune sold 400 thousand $LDO for a price of $1.02 each and received approximately $407.3 thousand in USDC ($USDC). He currently has about 647 thousand remaining LDOs worth around USD$664 thousand.