Maker

Show

Simply

Cosmos

<p>Recently, MakerDAO ($MKR) experienced an 18% price surge, catching the attention of both traders and analysts. While the price has retained some gains, there are signs suggesting that the uptick could be artificially driven. <a href="https://twitter.com/ali_charts/status/1698379563535852016?t=yPY1iMU9DQ92isouKewQcg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">according </a>to trader Ali.</p> 
<p>The red flags include a spike in exchange inflow, increased whale transaction count, and an influx of 10,000 MKR tokens into exchanges just as prices began to ascend. Could this mean that the digital asset is in for a correction, potentially retracing to $1,000 or even $900?</p> 
<h2 class="wp-block-heading" id="exchange-inflows-and-whale-transactions-the-smoking-guns">Exchange Inflows and Whale Transactions: The Smoking Guns?</h2> 
<p>It’s worth noting that the recent surge in MakerDAO’s price wasn’t just fueled by general market sentiment; several specific indicators were at play. <strong>Exchange Inflow</strong>, or the volume of a particular asset moving into trading platforms, saw a noticeable spike. </p> 
<p>Concurrently, the <strong>Whale Transaction Count</strong>, or the number of significant transactions being carried out by large holders (commonly referred to as “whales”), increased significantly.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="488" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-1024x488.png" alt="" class="wp-image-327731" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-1024x488.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-766x365.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-1536x732.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-2048x976.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-315x150.png 315w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-735x350.png 735w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41-788x375.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-41.png 680w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p> 
<p>This coincided with an influx of 10,000 MKR tokens into various exchanges. The synchrony of these events raises questions about the organic nature of the price movement. In crypto markets, large inflows into exchanges often precede sell-offs, as whales move their holdings onto an exchange in preparation for selling. </p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>When this is combined with a rise in whale transactions, it can point toward coordinated market activity that may not be wholly organic.</p> 
<p>The correlation of these factors could be a harbinger for a price retrace. If the price movement was indeed manipulated or artificially boosted, market corrections could be imminent. MakerDAO’s $MKR could potentially retrace to around $1,000 or even as low as $900, effectively wiping out the recent gains.</p> 
<p>While it’s not uncommon for asset prices to experience sudden surges due to external influences like news events or significant platform upgrades, the confluence of red flags in MakerDAO’s recent price action indicates that caution is warranted. Traders and investors should keep an eye on market indicators to distinguish between organic growth and potentially manipulated price movements.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/maker-dao-mkr-suddenly-explodes-18-higher-why-you-should-avoid-this-pump/">Maker DAO (MKR) Suddenly Explodes 18% Higher – Why You Should Avoid This Pump</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Maker DAO (MKR) Suddenly Explodes 18% Higher – Why You Should Avoid This Pump

Spis treści

CaptainAltcoin

Inne artykuły opublikowane 4 wrz 2023

Crypto insiders focusing on Monero, Aave, and Everlodge

Ripple objects to SEC’s use of Terra ruling to warrant appeal

BRICS: China Aiming to Bring Down the U.S. Economy

Australia Rejects Crypto Regulation Bill: What Are the Implications?

"Crypto Poker Fusion: Unleash Your Winning Hand with Bitpaid's Video Poker Adventure!"

Is Binance the Reason for SEC’s Delay on Spot Bitcoin ETF?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!