In the past 24 hours, the largest holder of $MKR has withdrawn 973 $MKR (valued at $2.76M) from Coinbase Prime.

This marks the whale’s first activity in three months, drawing significant attention in the DeFi community.

The whale now holds an estimated total profit of $64M (+100%) from $MKR, with a total of 45,109 $MKR ($124M) in their possession. The holdings are distributed across two wallets:

– 44,420 $MKR ($122.4M) in wallet “0x14c,” the largest non-team MKR-holding wallet.
– 689 $MKR ($1.91M) in wallet “0x78a”.

$MKR has emerged as a major player and one of the strongest tokens in the DeFi protocol space, bolstered by the recent Real World Assets (RWA) narrative.

Coinbase Announced Launch Of Perpetual Listing For $MKR

Today, Coinbase announced the launch of DYM-PERP, MKR-PERP, and AAVE-PERP markets, which are now fully trading on Coinbase International Exchange and Coinbase Advanced. Traders can now utilize limit, market, stop, and stop limit orders in these markets.

The whale’s significant withdrawal and the overall activity around $MKR signal strong investor confidence and continued growth in the DeFi space. The introduction of new perpetual markets on Coinbase further enhances $MKR’s trading opportunities, likely contributing to its growing prominence.

As $MKR continues to solidify its position within the DeFi ecosystem, the actions of major holders and the expansion of trading options on platforms like Coinbase will be key indicators of its future performance. With substantial profits and strategic movements by large holders, $MKR’s trajectory in the DeFi space looks promising.

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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