Machibigbrother Withdraws $8.52M In CREAM Tokens After 4-Year Staking Period Ends

Machibigbrother (machibigbrother.eth), a prominent DeFi investor, recently withdrew 460,000 CREAM tokens worth $8.52 million USD after the end of a four-year staking period.

This withdrawal comes as the token has experienced a significant decline from its peak during DeFi Summer in 2020.

麻吉大哥(machibigbrother.eth) 于 10 小时前取出了质押期满 4 年的 46 万枚 $CREAM ，价值 852 万美金

不看不知道，一看吓一跳：2020 年 9 月 DeFi Summer 初期 $CREAM 曾最高涨至 $282.4（现价 $18.42），这部分代币在峰值时估算价值达 1.3 亿美金！

钱包地址 https://t.co/tDkCBOmiMO pic.twitter.com/w00CvLTNBg

— Ai 姨 (@ai_9684xtpa) September 24, 2024

In September 2020, at the height of DeFi’s explosive growth, CREAM tokens skyrocketed to a peak value of $282.4. At this point, Machibigbrother’s 460,000 tokens would have been worth an astounding $130 million.

A year later, in 2021, CREAM reached an all-time high of $311, pushing the total value of those staked tokens to $143 million.

However, the market has since taken a sharp downturn. CREAM is now trading at just $18.42, representing a staggering 86.7% decline from its peak. The current value of the tokens withdrawn, while still substantial, is a fraction of what they once were.

Staking Too Expensive