MakerDAO Founder Rune Christensen Sells MKR Tokens Worth $4.54 Million. According to Spot On Chain data, a wallet linked to Christensen has sold tokens over the past two days at a price of $2235, with an average selling price of $2023. After the sale, the wallet retained 2430 MKR. This sale caused concern among MKR holders, as the token's price fell by 3.39% after the first sale.

The sale of a portion of their tokens by a founder usually undermines the community's trust in the project. In this case, the reason for the token sale is unclear. Following Bitcoin's (BTC) rise above $42,300, altcoins followed suit, but MKR did not follow the general upward trend.

MKR's price fell by 2.20% over 24 hours, trading at $2019. The token showed positive dynamics from January 23 to 25, but the growth was suppressed by investors taking profits. MACD technical indicators suggest an excess of sales over purchases in recent days.

Bulls may attempt to break above the key resistance level at $2079, which could lift MKR above $2100. However, if the token faces rejection, its price could drop to the support level at $1825. The RSI shows a positive divergence, but this does not guarantee MKR's growth. If bulls enter the market, the RSI could reach 56.70, potentially lifting the MKR price above $2147.