A whale sold 1,500 MKR on the chain in exchange for 4.48 million DAI
According to Chainalysis by Yu Jin, a whale sold 1500 MKR for 4.48 million DAI on the chain an hour ago, causing the price of MKR to drop by 3% ($3,051→2,947) in a short time.
This whale had previously made a profit of $2.79M on MKR, then bought back 2,000 MKR for $6.64M at a price of $3,313 on 4/11, and now sold 1500 of them at a price of $2,992, resulting in a loss of $0.48M.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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