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MKR Price Drops After Whale Sells $2.56 Million Worth Of Tokens

Published 07/11/2023, 17:30
Updated 07/11/2023, 17:45
MKR Price Drops After Whale Sells $2.56 Million Worth Of Tokens

Coin Edition -

  • Spot On Chain announced on X today that a whale sold 1,960 MKR tokens via Binance.

  • After this, the same whale withdrew 742.3 ETH and 113K FET from Binance.

  • At press time, MKR was worth $1,298.08 after its price slipped by more than 2% in the past 24 hours.

Earlier today, the on-chain data and unlocks platform Spot On Chain revealed in an X post that a whale known as peedan.eth sold 1,960 Maker (MKR) tokens via Binance. According to the post, the MKR tokens were worth about $2.56 million.

The fact that the whale sold his tokens meant that he closed his MKR position at a more than 7% loss. Spot On Chain also revealed that since selling his MKR, the whale has withdrawn Ethereum (ETH) and Fetch.ai (FET) from Binance.

So far, the whale has withdrawn 742.3 ETH, worth $1.41 million, and 113K FET, valued at approximately $43.3K, from Binance. At press time, Spot On Chain estimated that the whale holds 743.3 ETH and 1.079 million FET.

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