MKR

The post Early MKR Investor Cashes Out After 7 Years with $408K in ETH appeared first on Coinpedia Fintech News A super early holder of MakerDAO’s token MKR has exited their position after over seven years. The individual purchased 451.5 MKR in 2017 at an average price of $23. Earlier today, the 251.5 MKR was sold for $408,000 to convert into 72.5 $ETH at $1,624 per ETH token. In this trade, the individual made an impressive 70x return on their investment.

Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.  Other cryptocurrencies, such as Toncoin (TON), also made considerable gains on Monday, buoyed by the news of a partnership between HashKey and GameFi project Catizen. DYDX has also recorded an uptick as traders remain optimistic…

The post Trader Makes $292.4K After Closing MKR Short Position! appeared first on Coinpedia Fintech News As per a latest tweet from lookonchain, A smart trader closed his $MKR short position and made $292.4K.  Lookonchain monitoring showed that the smart money address recently closed its MKR short position, netting $292,400. On July 19, the address borrowed 500 MKR from Aave and sold it for $1.37 million USDC. Due to the price drop 16 hours ago, the trader bought back the…

To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem. Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization operating a decentralized finance (DeFi) protocol, providing users access to a permissionless, open stablecoin system and various other on-chain financial services.  According to Tuesday’s announcement…

The price of Maker (MKR), the governance token of the MakerDAO protocol, has increased by 7.47% in the last 24 hours. This increase appeared after Grayscale revealed the launch of the MakerDAO Investment Trust on Tuesday. Following the disclosure, Maker is experiencing other positive changes, which this analysis will discuss. New Investment Vehicle Drives Frenzy for MakerDAO On August 13, leading crypto asset manager Grayscale announced that it had launched a MakerDAO Trust.  This launch is the second consecutive one…

The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows. However, as stock markets recovered, so did the cryptocurrency market. Japan’s stock market index rose by almost 11% in a significant boost to stock and crypto markets.  Markets suffered one of their worst selloffs in recent memory, reeling due to rising tensions in the Middle East and fears of a US recession.…

Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session. This marks BTC’s third consecutive session in the red, indicating the presence of sellers at higher levels ($70,000). Bitcoin (BTC) registered a strong bullish surge on Monday as buyers propelled the cryptocurrency to $70,000 before sellers were able to wrest control. However, after reaching that price, BTC saw a sharp reversal as sellers…

The post Altcoins Flashing Bullish Signals: AAVE & MKR Prices Poised to Break The Barrier With a 35% Jump appeared first on Coinpedia Fintech News Maker (MKR) Price Poised to Hit $3000  Maker price has been training within a strong ascending trend ever since the trend broke out of the consolidation during H2 2023. While volatility surged heavily, causing a 150% rise since the start of the year to mark interim highs close to $4000. Although the MKR price faced…

The post MakerDAO Wallets Continue Strategic Sales of $MKR on Binance appeared first on Coinpedia Fintech News MakerDAO’s community has seen substantial $MKR token movements recently. Recent Deposits: 5,750 $MKR ($16.76M) deposited to Binance in the last three days. Ongoing Sales: Since April 24, 18,900 $MKR ($53.83M) sold at an average price of $2,848. Current Holdings: 8,905 $MKR ($26M) still held by these wallets. This suggests a calculated strategy for liquidating their holdings while maintaining a substantial reserve.