Coin

<ul class="news-points">
 <li>MKR surges 30% in two days, reaching $2,675.73 amid protocol upgrades.</li>
 <li>Investor nets $5.21 million in profit from MKR, selling at $2,702 each.</li>
 <li>MakerDAO adjusts fees to bolster DAI, with $1.1B RWA in focus.</li>
</ul>
MakerDAO has implemented significant changes to its protocol to bolster the stability and demand for its Dai (DAI) stablecoin amidst fluctuating market conditions. This decision comes on the heels of a significant price surge for its native token, MKR, which has seen an over 30% increase over two days. The bullish momentum was still in play at press time, with the <a href="https://coinedition.com/maker-mkr-price-prediction/" rel="noopener noreferrer nofollow">MKR price</a> trading at $2,675.73, up 7.49% from the intra-day low.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/748sAoWPgSGzEG_hL4WOWO4Je7P0mkodE5-OvVujxxbvYFJMB-vIG4HqcVcOJog-zs9SzE4mL5SH--MIplurdEJBwcqATCBlnkoHnDPG48o7vctfJm-vW_Gp7d8Kin6MaTRT7IvHxN-2OqFyhZMul2E" alt="">
 <figcaption class="wp-element-caption">MKR/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/maker/" target="_blank" rel="noopener noreferrer nofollow">CoinStats</a>)
 </figcaption>
</figure>
Amidst this volatility, a prominent investor, known by the address 0x8af, capitalized on the situation by selling 939.8 MKR for approximately 2.54 million DAI, equating to an average price of around $2,702 per MKR.&nbsp;
This sale was part of a more significant strategic play following a withdrawal of 4,077 MKR from the Bybit exchange in October 2023 at a much lower price of approximately $1,439 per MKR. This investor ret…
The post <a href="https://coinedition.com/makerdaos-mkr-rallies-30-post-executive-vote-whale-secures-5-21m-profit/" rel="noopener noreferrer nofollow">MakerDAO’s MKR Rallies 30% Post “Executive Vote,” Whale Secures $5.21M Profit</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

MakerDAO’s MKR Rallies 30% Post “Executive Vote,” Whale Secures $5.21M Profit

Coin Edition

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