Recent activity in the Maker (MKR) market has attracted significant attention, particularly involving major players and substantial trades.

A smart trader who previously made a profit of $8.51 million by trading MKR has recently sold 1,150 MKR tokens, valued at approximately $2.2 million, around 8 hours ago. This brings their total profit from MKR trading to an impressive $9.23 million.

Currently, this address holds 6,919 MKR, worth about $13.26 million, with an average position price of $1,997 per MKR. According to tags from Arkham, this address is likely associated with the Amber Group, a prominent crypto trading firm.

In another notable transaction, a whale who opened a position at the peak price of $3,117 per MKR in April this year has recently exited the market. This whale sold off their MKR holdings about 6 hours ago, incurring an estimated loss of $3.95 million.

3,290 MKR Withdrawn From FalconX Between April 16th To April 18th

This address had withdrawn 3,290.93 MKR from FalconX between April 16 and April 18, worth approximately $10.26 million at the time. The tokens were transferred to another address, 0xb7f…4c0Cb, three weeks ago and were finally deposited into an exchange six hours ago, resulting in a nearly 39% loss.

These significant trades highlight the volatility and strategic maneuvers within the MKR market. The smart trader’s substantial profits contrast sharply with the whale’s considerable losses, showcasing the high stakes and potential for both gains and losses in the crypto trading arena. As the market continues to fluctuate, the actions of these key players will undoubtedly influence MKR’s price movements and market sentiment.

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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