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Nascent and MakerDAO Deposit $10.29 million MKR to Binance in 5 Hours

According to Spot On Chain, Nascent and MakerDAO deposited 3,566 MKR (about $10.29 million) into Binance in the past five hours. Of these: Nascent deposited 1,216 MKR ($3.49 million) to Binance for an estimated profit of $2.90 million (+ 294%). Later, the VC withdrew 141 billion PEPE ($1.60 million), 281,000 LDO ($508,000) and 3.41 million USDT from Binance. Multi-signature 0xbba (suspected to belong to MakerDAO) deposited 2,350 MKR ($6.80 million) to Binance. Since April 25, MakerDAO has allegedly offloaded 16,000 MKR ($45.20 million) to Binance for about $2,823, with the above deposit being the largest amount transferred out.