Maker

DeFi

USDC

Chainlink

MEME

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 One crypto whale is attracting notice for selling millions of dollars worth of a decentralized finance (DeFi) altcoin&nbsp;amid a market correction. 
 According to blockchain tracking firm Lookonchain, one deep-pocketed investor sold their trove of MKR, the native token for the DeFi protocol Maker, within days as the asset dipped below $2,000. 
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 “A whale dumped 2,658 MKR for 5.37 million DAI at an average price of $2,022 in [four] days. And the price of MKR has dropped by 7.6% since the whale began dumping. 
 The whale still holds 2,007 MKR ($3.9 million), be careful of selling again!” 
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 <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GE-nDpFbAAA7ezm?format=jpg&amp;name=4096x4096" alt="Image" width="2164" height="1032">
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 Source: Lookonchain/X
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 Maker is trading for $1,973.71 at time of writing, up slightly in the last 24 hours. 
 Lookonchain also noticed that another crypto whale just scooped up a large amount of the decentralized oracle network Chainlink (LINK). 
 “A fresh wallet withdrew a total of 424,259 LINK ($6.26 million) from Binance [on January 28th].” 
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 <img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GE-iu6DagAA-S9G?format=jpg&amp;name=large" alt="Image" width="2034" height="1044">
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 Source: Lookonchain/X
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 LINK is trading for $15.05 at time of writing, up nearly 1.42% in the last 24 hours. 
 The blockchain tracking firm previously reported that one trader made huge profits buying and selling Wen (WEN), a memecoin built on the Solana (SOL) network. The trader sold WEN to gain $682,000 in USDC and held on to $941,000 in unrealized profits. 
 “In just 14 hours, this trader made over $1.6 million trading MEME coin WEN! He spent 125,500 USDC to buy 20 billion WEN when WEN opened trading, and sold 12.5 billion WEN for 807,000 USDC, realizing a profit of 682,000. And currently holds 7.6 billion WEN ($941,000), with an unrealized profit of $941,000.” 
 WEN is trading for $0.000111 at time of writing, down more than 30% in the last 24 hours. 
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-whale-sells-off-5-370-000-worth-of-makerdao-as-mkr-corrects-lookonchain-tbt78302.html">https://thebittimes.com/crypto-whale-sells-off-5-370-000-worth-of-makerdao-as-mkr-corrects-lookonchain-tbt78302.html</a>

Crypto Whale Sells Off $5,370,000 Worth of MakerDAO As MKR Corrects: Lookonchain

TheBitTimes

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