Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass veri shows, as Trump leads in early voting.
Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
The firm’s IMX token is down over 13% at $1.16 following the announcement.
The revised plan to sell only $30 million of WLFI tokens — instead of the originally planned $300 million — suggests Trump may not quickly see a big payday from World Liberty Financial.