Ethereum

Maker

Spot

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/arcas-strategic-investment-in-maker-mkr-draws-market-attention" rel="noopener noreferrer nofollow">Arca’s Strategic Investment in Maker (MKR) Draws Market Attention</a> 
Investment firm Arca, specializing in digital asset products for institutional investors, has been identified as making a significant investment in Maker (MKR), with a reported sum of approximately 25 million dollars. This move has drawn the attention of investors towards Maker’s MKR token.
According to on-chain data provider Spot On Chain, Arca purchased 12,085 MKR tokens worth 24.63 million dollars. The data suggests that on January 14th, Arca transferred around 24.7 million dollars in <a href="https://en.bitcoinhaber.net/ethereum-stands-strong-amidst-crypto-market-turbulence" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) from one of its wallet addresses to the US-based cryptocurrency exchange Coinbase, and then used those funds to buy the MKR tokens.
Following Arca’s investment in Maker, market observers have turned their focus to the decentralized finance (DeFi) protocol operating on the Ethereum Blockchain. Leading DeFi researcher Thor Hartvigsen highlighted the strategic nature of Arca’s investment, anticipating major developments for Maker this year.
Hartvigsen pointed to upcoming advancements for Maker, including a new unified brand, token revaluation, AI integration into DAO governance, and subDAO token farming. These developments are expected to significantly influence Maker’s trajectory.
Current data shows MKR trading at $2,033, down 1.49% in the last 24 hours, yet it has seen a positive trend with a 12.43% increase over the past week and a 53.81% rise over the last month. With a market capitalization of 1.87 billion dollars, MKR is the 44th largest altcoin. Observers anticipate a potential price surge for the altcoin if the developments highlighted by Hartvigsen are successful and the broader market recovery continues.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/arcas-strategic-investment-in-maker-mkr-draws-market-attention" rel="noopener noreferrer nofollow">Arca’s Strategic Investment in Maker (MKR) Draws Market Attention</a></h5>

Arca’s Strategic Investment in Maker (MKR) Draws Market Attention

BH NEWS

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