Maker

Solana

Rune

Uniswap

Bitcoin

<p class="is-style-lead">A transfer of 6,000 Maker (MKR) tokens, valued at more than $8.4 million, has been moved from the Binance cryptocurrency exchange to an unknown wallet.&nbsp;</p> 
<h2 class="wp-block-heading" id="crypto-whales-accumulate-makerdao">Crypto whales accumulate MakerDAO </h2> 
<p>On Oct. 15, a transfer of 6,000 Maker tokens — equivalent to $8,486,455 — occurred, according to Whale Alertas. The tokens were moved from Binance, one of the leading cryptocurrency exchanges, to an unidentified wallet shrouded in mystery.</p> 
<p>In recent months, data regarding Maker has shown a series of notable deposits, swaps, and accumulations conducted by prominent players in the cryptocurrency space.&nbsp;</p> 
<p>Among them is MakerDAO’s co-founder, Rune Christensen, who has been making waves with his strategic moves.&nbsp;</p> 
<p>Rune Christensen <a href="https://crypto.news/crypto-whales-accumulate-makerdao-mkr-token/">acquired</a> 1,613 MKR by swapping a substantial 1.61 million DAI at an average price of $998.2 per MKR. He also removed 300.7 MKR and 305.8K DAI from the Uniswap liquidity pool, signaling a calculated shift in his holdings.</p> 
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   <p lang="en" dir="ltr">🚨 6,000 <a href="https://twitter.com/hashtag/MKR?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MKR</a> (8,486,455 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> to unknown wallet<a href="https://t.co/lUgBScklgV" target="_blank">https://t.co/lUgBScklgV</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1713571713357586448?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 15, 2023</a>
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<p> You might also like: <a href="https://crypto.news/bitcoin-btc-whale-addresses-increase-price-maintains-26k-support/"> Bitcoin whale addresses increase as price maintains $26k support </a> </p> 
<h2 class="wp-block-heading" id="revamping-the-maker-protocol">&nbsp;Revamping the Maker protocol</h2> 
<p>In May, <a href="https://crypto.news/justin-sun-transfers-4-3m-in-mkr-tokens-to-binance/">Justin Sun</a>, the founder of the Tron network and a crypto investor, transferred MKR tokens worth $4.3 million to Binance.&nbsp;Blockchain data reveals that a wallet connected to Sun initiated a transaction involving 6,802 MKR tokens at a price of $633.96 per token. This substantial movement of MKR tokens adds another layer of intrigue to the larger crypto landscape.</p> 
<p>Christensen has put forward a <a href="http://forum.makerdao.com/t/explore-a-fork-of-the-solana-codebase-for-newchain/21822" target="_blank" rel="noopener">proposal</a> where he suggests reimagining the Maker protocol on a new blockchain, forked from Solana.&nbsp;</p> 
<p>This ambitious move is part of Maker’s “Endgame” plan, aimed at enhancing efficiency, resilience, and participation. However, Christensen acknowledges that this transition would be a long-term endeavor, spanning at least three years.</p> 
<p>Christensen’s choice of Solana is guided by several advantages that the blockchain offers. Firstly, Solana boasts a highly optimized technical codebase designed for operating a single blockchain efficiently.&nbsp;</p> 
<p>Secondly, it has demonstrated resilience even after significant incidents, such as the FTX crash, highlighting its long-term potential. Finally, Solana’s adaptability for app chains, exemplified by its implementation in the Pyth network, makes it an attractive option for Maker’s future.</p> 
<p> You might also like: <a href="https://crypto.news/makerdao-introduces-spark-protocol-for-defi-lending/"> MakerDAO introduces Spark Protocol for DeFi lending </a> </p> 
<h2 class="wp-block-heading" id="maker-mkr-price-action">Maker (MKR) price action</h2> 
<p>Notably, the price of Maker has experienced an 18.6% increase in the past 30 days. MKR is currently hovering at around $1,440, per data from <a href="https://www.coingecko.com/en/coins/maker" target="_blank" rel="noopener">CoinGecko</a>.&nbsp;</p> 
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<p>The token has a strong support level at $1,350 and resistance at $1,600. Additionally, the RSI weekly value stands at 74, indicating robust investor sentiment in MKR at the moment.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/mkr-rallies-amid-new-proposals-on-the-network/"> MKR rallies amid new proposals on the network </a> </p>

Maker tokens worth over $8m transferred from Binance to unknown wallet

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