Maker

<h2 id="header-0"><strong>Maker Wallets Transfer M$R to Binance amid Market Activity</strong></h2><p>Recent data reveals that several Maker-associated wallets have actively been transferring substantial quantities of MKR to Binance, suggesting a continuous selling trend. On July 19, Lookonchain reported that these wallets had deposited $7 million worth of 2,500 MKR to the exchange within a single day.</p><h3 id="strong-accumulation-and-sales-patterns-of-maker-wallets-strong"><strong>Accumulation and Sales Patterns of Maker Wallets</strong></h3><p>Lookonchain’s detailed analysis points out that a specific Maker-designated wallet currently holds $18 million worth of 6,405 MKR. This follows a series of transactions where this wallet had transferred $16.76 million worth of 5,750 MKR to Binance over the past three days, indicating a pattern of significant selling activity.</p><h2 id="header-1"><strong>Historical Sales and Price Movements of MKR</strong></h2><p>Since April 24, Maker wallets have been consistently liquidating their MKR holdings, often capitalizing on higher market prices. In total, these wallets have sent approximately $53.83 million worth of 18,900 MKR to Binance at an average price of $2,848 per MKR.</p><h3 id="strong-current-market-standing-of-mkr-strong"><strong>Current Market Standing of MKR</strong></h3><p>According to CoinGecko, MKR has experienced a 1.4% price increase in the last 24 hours, trading at $2,765 at the time of writing. This recent fluctuation in price may be closely related to the ongoing high-volume transactions observed on Binance.</p><h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3><p>In summary, the frequent and substantial deposits of MKR from Maker wallets to Binance underline a significant trend of liquidation. Investors and market watchers should closely monitor these activities, as they might have far-reaching implications on MKR’s market performance and future price movements.</p><p>Read it on COINOTAG: <a href="https://en.coinotag.com/maker-mkr-wallets-transfer-7-million-to-binance-amid-ongoing-sales/" rel="noopener noreferrer nofollow">https://en.coinotag.com/maker-mkr-wallets-transfer-7-million-to-binance-amid-ongoing-sales/</a></p>

Maker (MKR) Wallets Transfer $7 Million to Binance Amid Ongoing Sales

Tabla de contenidos

COINOTAG NEWS

Otros artículos publicados el 20 jul 2024

Bearish Bear ($GROWL): Could It Surge 30% in the First 24 Hours?

Singapore Web3 VIP Networking Night: Exploring the Future of Blockchain & Crypto

Bearish Bear ($GROWL) Gears Up for Market Launch: 50% Growth in First Month?

MoonBag’s Staking Rewards Draws Investors, Meanwhile, DAI Faces Market Turbulence

Shiba Inu’s Shiba Eternity Set to Transform SHIB Ecosystem and Shibarium

MoonBag’s Zero Tax is Attracting Investors, Meanwhile, KuCoin Implies 7.5% Tax

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!