Recent revelations from Spotonchain indicate that MakerDAO’s governance token, Maker (MKR), has experienced a fresh wave of accumulation. This accumulation, taking place in the final week of 2023, hints at a potentially bullish trajectory for MKR in the upcoming year, 2024.
According to Spotonchain’s latest indicators, a group of five new whales has been actively accumulating 23,891 MKR (equivalent to $38.1 million) from platforms such as Binance, Coinbase, and MEXC. This acquisition took place at an average price of $1,593 over the past ten days leading up to the recent surge.
https://twitter.com/spotonchain/status/1742390133134123081?t=6iFlmMQWZAapoyGtbJGcsw&s=19
MKR Whales In Massive Profits After These Accumulations
The collective floating gain for these whales now stands at approximately $5.28 million. This reflects a substantial 13.9% increase. This surge aligns with MKR reaching its yearly high in the last 24 hours. It hit $1,906 with an impressive 13% gain today alone.
The data strongly suggests that the strategic accumulation by these prominent investors has played a role in the notable upswing of MKR’s value. The current market dynamics, coupled with the floating gains of these whales, indicate a positive momentum for MakerDAO’s MKR in the ongoing year.
In summary, Maker (MKR) has not only reached its annual peak but has done so following a strategic accumulation by influential investors. The data supports an optimistic outlook for MKR in 2024, buoyed by recent market movements and the actions of key stakeholders.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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