Ethereum

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<div class="dailyhodl">
 <p>Crypto bank Anchorage Digital is drawing attention for suddenly accumulating massive amounts of one decentralized finance (DeFi) altcoin.</p>
 <p>Blockchain tracking firm Lookonchain says that Anchorage Digital has used 13 wallets in the past month to accumulate more than $49.4 million worth of MKR, the native token for the DeFi protocol Maker.</p>
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 <p>The most recent purchases came on Monday, with Anchorage Digital using two newly created wallets to acquire $6.28 million worth of MKR from Binance, according to Lookonchain.</p>
 <p>MKR is trading for $2,816 at time of writing, down 1.4% in the last 24 hours.</p>
 <p>Lookonchain also noticed one savvy deep-pocketed investor made a quick $3 million after buying a massive amount of Bitcoin (BTC) during last week’s market correction, when the top crypto asset dipped into the high $50,000 range.</p>
 <p><em>“Make more than $3 million in just four days! The whale who bought BTC at the bottom [on May 3rd] deposited 767 BTC ($48.46 million) to Binance for profit [on May 6th]. After the market dropped, he withdrew 767 BTC ($45.44 million) at $59,226 BTC from Coinbase on May 3. </em></p>
 <p><em>Address: 1PGncMc8diiELpe4JAVCY51fcQ215JegAF.”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GM8KGJMbIAApLcY?format=jpg&amp;name=4096x4096" alt="Image" width="2116" height="1034">
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   Source: Lookonchain/X
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 <p>Bitcoin is trading for $62,395 at time of writing, down 1.6% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/institutional-crypto-firm-anchorage-digital-accumulates-eight-figures-worth-of-ethereum-defi-coin-lookonchain-tbt87814.html">https://thebittimes.com/institutional-crypto-firm-anchorage-digital-accumulates-eight-figures-worth-of-ethereum-defi-coin-lookonchain-tbt87814.html</a></p>

Institutional Crypto Firm Anchorage Digital Accumulates Eight Figures Worth of Ethereum DeFi Coin: Lookonchain

TheBitTimes

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