Plan New Project, Vitalik Buterin Sells These 500 Tokens Worth $578,000!

<p>&nbsp;"Sell or not, somehow the price is not affected even if Buterin acts like that.</p><p><br /></p><p>Vitalik Buterin, the co-founder of Ethereum (ETH) unwittingly sold his entire MakerDAO balance holding around 500 tokens on the CoW Protocol to obtain 353 ETH worth $578,000.</p><p><br /></p><p>The actions taken by Buterin reportedly happened when Rune Christensen, co-founder and Chief Executive Officer (CEO) of MakerDAO explained the project's long-term goals that are predicted to be achieved in the future.</p><p><br /></p><p>Through Christensen's idea, MakerDAO may be reimplemented on a new blockchain called “NewChain” that will separate the Solana (SOL) network.</p><p><br /></p><p>It's well known that MakerDAO currently uses ETH and is written in Solidity, so switching to a SOL Rust-based codebase is very important.</p><p><br /></p><p><br /></p><p>Christensen highlighted three important factors in prioritizing the SOL codebase, among which is the technical quality and optimization of the SOL codebase, the resilience of its ecosystem during challenges such as the collapse of FTX and SOL forks such as Pyth Network.</p><p><br /></p><p>In addition to stating that NewChain is a secure bridge between SOL and ETH that can improve the multichain ecosystem, he also said that Cosmos is one of the alternatives to NewChain's codebase.</p><p><br /></p><p>It is already known that Dai MakerDAO which currently has a supply of $5.3 billion is the third largest stablecoin pegged to the United States (US) dollar, but unfortunately still lags behind Tether's (USDT) supply of $82.8 billion.</p><p><br /></p><p>Buterin initially earned 1,071 MKR in April 2018 when the price was at $905 and now his sales are making a profit of 27% while previously he was also found donating 100 MKR in India for COVID-19 relief.</p><p><br /></p><p>As of this writing, MKR price has surged by 1.77% at $1,124 in the last 24 hours with a market cap of $1 billion further recording a 9.85% increase over the last week.</p>