Maker

Coin

<ul class="news-points"> 
 <li><strong>Lookonchain revealed that CMS Holdings and a16z deposited large amounts of MKR to exchanges in the past 24 hours.</strong></li> 
 <li><strong>MKR’s price stood at $1,142.05 after its 24-hour gain of more than 15%.</strong></li> 
 <li><strong>A significant long-term bullish technical flag was triggered on MKR’s daily chart in the past 3 days.</strong></li> 
</ul> 
<p>The blockchain tracking firm Lookonchain revealed in a tweet this morning that Andreesen Horowitz (a16z) and CMS Holdings reduced the amount of Maker (MKR) in their portfolios over the past few hours. This sell activity by CMS Holdings and a16z comes after the altcoin’s price climbed approximately 20% in the last 24 hours.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">1/ The price of <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> skyrocketed by ~20% today.<br><br>We noticed that a16z has been depositing <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a> to sell recently.<br><br>And CMS Holdings also reduced its holdings of recently accumulated <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> 2 hrs ago. <a href="https://t.co/6AvjWf9NYh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6AvjWf9NYh</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1682245133696372736?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 21, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>In a second post, Lookonchain shared that a16z deposited 12,864 MKR, worth $12.6 million at the time, to <a href="https://coinedition.com/coinbase-exchange-review/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> via the address “0xd520” throughout the past week. The fund manager then sent another 6,900 MKR, estimated to be worth $8 million, to a new address over the pas…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/mkr-price-prediction-what-to-expect-in-the-next-48-hours/">MKR Price Prediction: What to Expect in The Next 48 Hours</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

MKR Price Prediction: What to Expect in The Next 48 Hours

Coin Edition

Other articles published on Jul 21, 2023

Why You Should Be Bullish Despite Bitcoin Price Falling Below $30,000

ETF Provider Global X Files Bitcoin ETF Application

Shiba Inu Lead Kusama to Speak at Major Conference

Bitcoin Could Rise Above $10,000 Again, According to Blockware CEO

BREAKING: SEC Made a Statement About XRP and Terra!

BaFin keeps N26 under scrutiny amid AML concerns

Join our free newsletter for daily crypto updates!