- MKR was up by more than 5% in the last 24 hours.
- However, metrics suggested that selling pressure on the token was high at press time.
Maker [MKR] had an astounding last week as it registered double-digit gains. This sparked excitement among investors, as they expected the token’s price to pump even further.
Read Maker’s [MKR] Price Prediction 2023-24
However, latest data revealed that the trend might end soon, as selling pressure on the token was increasing as of press time.
Investors are selling MKR
MKR witnessed a major boost in its price recently. According to CoinMarketCap, the token’s price surged by over 20% in the last seven days. Additionally, in the last 24 hours, the token’s price surged by over 5%.
However, the upward trend might end soon, if the latest data is to be believed. Notably, on 30 September, Lookonchain revealed that a smart whale deposited 5,000 MKR, worth more than $7 million, to Binance [BNB].
This smart whale deposited 5,000 $MKR($7.3M) to #Binance again 3 hours ago and still has 5,000
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