A trader made about $292,400 by closing his MKR short position
According to Lookonchain monitoring, a smart trader earned about $292,400 by closing his $MKR short position. The trader borrowed 500 $MKR from Aave on July 19 and sold it for $1.37 million USDC. Just 16 hours ago, he repurchased the $MKR needed to pay off the debt for only $1.07 million USDC at a lower price.
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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