Paradigm may have sold all MKR and made a profit of ~$17.16 million

According to Spot On Chain monitoring, Paradigm transferred 3,000 MKR to Coinbase at a uni t price of US$1,187 (US$3.56 million) 6 hours ago, and the price of MKR has recovered after a short-term decline. Paradigm may have sold all the MKR and realized a profit of about $17.16 million.

The total cost of Paradigm's MKR investment is US$22.05 million; in February 2019, 1,000 MKRs were purchased from Bitfinex at a unit price of US$500, and 35,908 MKRs were purchased at a unit price of US$500 in 2019 private placements, and in the auction in March 2020 14,272 MKR were purchased using 3.6 million DAI.

Paradigm’s MKR total sales amounted to $39.21 million, of which 4,800 MKR funds were deposited to Coinbase at an average price of $740 on March 16, and 3,000 MKR funds were deposited to Coinbase at an average price of $1,187 6 hours ago.