Maker

Uniswap

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Spot

<p class="is-style-lead">Maker (MKR) stats show significant deposits, swaps, and accumulations carried out by major players in the crypto market.&nbsp;&nbsp;</p> 
<p>In recent days, MakerDAO Founder RuneKek has been involved in noteworthy swaps, according to data from Spot on Chain. He acquired 1,613 MKR by swapping a total of 1.61 million DAI, averaging $998.2 per MKR. Moreover, he removed 300.7 MKR and 305.8K DAI from the Uniswap liquidity pool, indicating a strategic move on his part.&nbsp;</p> 
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   <p lang="en" dir="ltr">🚨 MakerDAO Founder <a href="https://twitter.com/RuneKek?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@RuneKek</a> swapped another 200K <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> to 213.2 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> at $938.2 on avg 14 hours ago.<br><br>He then added $445 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> and $420K <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> for liquidity on <a href="https://twitter.com/hashtag/Uniswap?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Uniswap</a>.<br><br>Overall, the founder has swapped 820K <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> to 833.9 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> over the past 3 days.<a href="https://t.co/L5tzaGMxvs" target="_blank" rel="noopener noreferrer nofollow">https://t.co/L5tzaGMxvs</a> <a href="https://t.co/vVvbehoYqV" target="_blank" rel="noopener noreferrer nofollow">https://t.co/vVvbehoYqV</a> <a href="https://t.co/CRw0Kr0K6x" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/CRw0Kr0K6x</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1681519613966954496?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 19, 2023</a> 
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<p>Venture Capital firm <a href="https://crypto.news/a16z-leads-43m-funding-round-for-gensyn-ai/" rel="noopener noreferrer nofollow">a16z</a> has reportedly transferred 1.5K MKR daily to <a href="https://crypto.news/coinbase-to-close-down-coinbase-borrow-by-november/" rel="noopener noreferrer nofollow">Coinbase</a> in the past four days at an average price of $970.35 (approx. $5.83 million). Additionally, the firm moved 6.9K MKR (valued at $8.08 million) to a fresh wallet address, warranting close monitoring of their activities.&nbsp;</p> 
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   <p lang="en" dir="ltr">🚨 a16z (<a href="https://twitter.com/a16z?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@a16z</a>) deposited 1,380 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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> at $1,115 ($1.54M) 11hrs ago.<br><br>a16z has been depositing <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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> daily for the past week (total: 9,223 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> at $1,055 on avg, ~$9.73M)<br><br>and <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> price seemed to drop post-deposits.<br><br>a16z still holds 16,536 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> ($17.62M). <a href="https://t.co/e7D1yNDmML" target="_blank" rel="noopener noreferrer nofollow">https://t.co/e7D1yNDmML</a> <a href="https://t.co/1ALpzvWWcP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1ALpzvWWcP</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1683310606617837568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<p>The researchers also found that HoldingCms accumulated 1,325 MKR from Binance and Bitget from June 26 until today, averaging $799.5 per MKR (approx. $1.06 million). A timely move followed this accumulation, where they deposited 525 MKR to Binance at $1,186, potentially realizing a profit of approximately $203K (ROI: 48.3%) if indeed selling.</p> 
<p>In another notable event <a href="https://crypto.news/justin-sun-transfers-4-3m-in-mkr-tokens-to-binance/" rel="noopener noreferrer nofollow">reported</a> earlier by crypto.news, Justin Sun, the founder of the Tron network, made headlines with a significant transfer of 6,802 MKR tokens to Binance. This transaction, valued at approximately $4.3 million, showcased Sun’s involvement in the MKR market, raising interest among crypto enthusiasts and speculators.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/justin-sun-transfers-4-3m-in-mkr-tokens-to-binance/" rel="noopener noreferrer nofollow"> Justin Sun transfers $4.3m in MKR tokens to Binance </a> </p> 
<p>Maker (MKR) witnessed a 28% increase recently following the introduction of a token buyback program by MakerDAO, further enhancing the appeal of the decentralized finance (DeFi) lender.&nbsp;</p> 
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<p>The buyback scheme catalyzed heightened confidence in MKR, attracting short-term traders and long-term investors to take advantage of the token’s bullish momentum.&nbsp;</p> 
<p>Maker (MKR) is crucial in the Maker protocol, facilitating the generation of DAI, a decentralized cryptocurrency pegged to the USD. As a governance token, MKR holders influence the development of the protocol and vote on proposals concerning the use of DAI.</p> 
<p> You might also like: <a href="https://crypto.news/makerdaos-new-proposal-to-boost-dai-savings-rate-to-3-33/" rel="noopener noreferrer nofollow"> MakerDAO’s new proposal to boost DAI savings rate to 3.33% </a> </p> 
<h2 class="wp-block-heading" id="maker-mkr-price-analysis">Maker (MKR) price analysis</h2> 
<p>At the time of writing, Maker (MKR) is trading for $1,035.88, with a 24-hour trading volume of $75.3 million.</p> 
<p>&nbsp;Over the last 24 hours, MKR has experienced a price decline of 6.1%. However, the broader picture reveals a more positive trend, as MKR has surged by an impressive 46.2% over the past 30 days.&nbsp;</p> 
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   Maker (MKR) price | Source: <a href="https://www.coingecko.com/en/coins/maker" data-type="URL" data-id="https://www.coingecko.com/en/coins/maker" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> 
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<p>This substantial increase may be attributed to factors such as the founder’s strategic buybacks and the introduction of the token buyback program by MakerDAO, which bolstered confidence in the asset.&nbsp;</p> 
<p>On the daily timeframe, MKR shows support at the $900 level, which could act as a price floor during any potential correction. Conversely, the closest resistance level on the daily timeframe is at $1,084. It could challenge MKR’s upward momentum in the short term.</p> 
<p>With a circulating supply of 900,000 MKR tokens, the cryptocurrency’s market cap is $933.8 million, positioning Maker (MKR) as a significant player in the DeFi space.</p> 
<p> Read more: <a href="https://crypto.news/xcr-mkr-and-comp-lead-top-gainers-list-as-crypto-market-cap-hits-1-22t/" rel="noopener noreferrer nofollow"> XCR, MKR and COMP lead top gainers list as crypto market cap hits $1.22t </a> </p>

Crypto whales accumulate MakerDAO (MKR) token

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