A whale sold 1,500 MKR on the chain in exchange for 4.48 million DAI
According to Chainalysis by Yu Jin, a whale sold 1500 MKR for 4.48 million DAI on the chain an hour ago, causing the price of MKR to drop by 3% ($3,051→2,947) in a short time.
This whale had previously made a profit of $2.79M on MKR, then bought back 2,000 MKR for $6.64M at a price of $3,313 on 4/11, and now sold 1500 of them at a price of $2,992, resulting in a loss of $0.48M.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
