Four Whales Are Jointly Operating, Selling This Altcoin

In a notable move, four cryptocurrency addresses jointly sold 970.21 Maker (MKR) tokens, amounting to $1.28 million, in the last 18 hours.

The wallet with short address 0xe86 deposited 309.88 MKR to Binance for $418 thousand when the MKR price was $1,348. Remarkably, the address had accumulated these MKRs from Binance at just $645.13 ($200K) on June 6, 2023.

After the deposit, the whale address is expected to have earned $218k (+109%) from MKR in 3.5 months. The address no longer holds MKR.

Short wallet address 0xc2b sold 402.58 MKR for 334.01 ETH at an average price of $1,319 ($531K). Interestingly, this address purchased 537.36 MKR using ETH in 2020 at an average price of $556 ($299 thousand) and transferred 100 MKR (worth $52.5 thousand at the time) to address 0xaee in April 2021.

After being inactive with its MKR for about 2.5 years, the address woke up to close MKR transactions during the last pump. The address no longer holds MKR.

Short wallet address 0x5b7 sold 123.06 MKR for 161.236 DAI at $1,311. The address completed two small-scale but profitable MKR trading cycles, making a total profit of $8,657 (2.51%) on both trades. The address no longer holds MKR.

Short wallet address 0x73a sold 134.68 MKR at $1,291 for 173,874 USDT. Address obviously got FOMO and bought these MKRs at almost the highest price of $1,361. After this sell-off, the whale address experienced a slight loss of $9,409k (-5.13%). The address no longer holds MKR.

*This is not investment advice.

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