- MakerDAO’s MKR token bucked the bearish trend and surged by 40% over the past month.
- Whale activity and positive sentiment contributed to MKR’s impressive performance.
In the midst of a crypto market downturn, Maker’s [MKR] native token MKR was a standout performer, experiencing a remarkable surge in recent weeks. This surge in MKR’s price, which has been ongoing for the past month, was nothing short of impressive, marking a significant 40% gain and pushing its value beyond the $1,500 mark.
Is your portfolio green? Check out the MKR Profit Calculator
Whales make their moves
Notably, an influential whale recently made a substantial deposit of 3,527 MKR tokens on Binance, a move that capitalized on the token’s price increase.
At present, the whale still holds 10,000 MKR, and the total profits from it amount to a staggering $5.12 million, reflecting an impressive 34% increase in value.
The price of $MKR has increased by ~40% in the past 1 month and topped $1,500 today.
A smart whale deposited 3,527 $MKR($5.27M) to #Binance to make a profit an hour ago.
And currently has 10,000 $MKR($14.9M) left, the total profit is ~$5.12M(+34%).https://t.co/4atyyejMwJ
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Author: Himalay Patel