Andreessen Horowitz Has Been Sending Over a Million Dollars Worth of MKR to an exchange

Andreessen Horowitz's venture capital firm, a16z, has been sending over a million dollars worth of MakerDAO's governance token MKR to an exchange every day for the past week.

This resulted in a total deposit of 9,223 MKR, worth around $9.7 million, and likely caused the price of MKR to drop. MakerDAO founder Rune Christensen has also been accumulating MKR through on-chain swaps, while CMS Holding acquired MKR from 2 other exchanges. The volatile price action of MKR last week may be attributed to these accumulation and selling activities.