Maker

Million

Spot

<ul class="news-points">
 <li>Spot On Chain announced on X today that a whale sold 1,960 MKR tokens via Binance.</li>
 <li>After this, the same whale withdrew 742.3 ETH and 113K FET from Binance.</li>
 <li>At press time, MKR was worth $1,298.08 after its price slipped by more than 2% in the past 24 hours.</li>
</ul>
Earlier today, the on-chain data and unlocks platform Spot On Chain revealed in an X post that a whale known as peedan.eth sold 1,960 Maker (MKR) tokens via Binance. According to the post, the MKR tokens were worth about $2.56 million.
The fact that the whale sold his tokens meant that he closed his MKR position at a more than 7% loss. Spot On Chain also revealed that since selling his MKR, the whale has withdrawn Ethereum (ETH) and Fetch.ai (FET) from Binance.
So far, the whale has withdrawn 742.3 ETH, worth $1.41 million, and 113K FET, valued at approximately $43.3K, from Binance. At press time, Spot On Chain estimated that the whale holds 743.3 ETH and 1.079 million FET.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> peedan.eth allegedly sold 1,960 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> ($2.56M, avg price: $1,305) via <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past hour, officially closing his <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> deal at a loss of $213K (-7.3%). The whale has then withdrawn 742.3 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($1.41M) and 113K <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> ($43.3K) f…
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The post <a href="https://coinedition.com/mkr-price-drops-after-whale-sells-2-56-million-worth-of-tokens/" rel="noopener noreferrer nofollow">MKR Price Drops After Whale Sells $2.56 Million Worth Of Tokens</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

MKR Price Drops After Whale Sells $2.56 Million Worth Of Tokens

Coin Edition

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