Whale Sends 1,736 MKR Worth 1.89M USD To Binance!

Key Points:

• Giant whale address 0x828 executes 1,736 MKR transfer, catching crypto enthusiasts’ attention.
• Bought 3,334 MKR at $1,000, sold for avg. $1,110—$357,000 profit (+10.67%).

The massive whale with the address 0x828 has orchestrated a substantial move by completing an MKR (Maker) transaction.

This maneuver involved the transfer of an impressive 1,736 MKR tokens, a transaction valued at approximately $1.89 million. The impact of this move reverberates through the market, drawing attention to the dynamic nature of crypto transactions.

Interestingly, this specific address, 0x828, had previously executed a strategic purchase. In July, the address acquired a considerable 3,334 MKR tokens, amounting to a staggering $3.34 million investment. The tokens were acquired at an average price of $1,000, indicative of a calculated investment approach.

The subsequent actions undertaken by this whale address are equally noteworthy. The acquired MKR tokens were strategically sold through decentralized exchanges (DEX) and the Binance platform. This calculated maneuver reaped substantial returns, with the average selling price amounting to $1,110 per token. As a result, the address managed to secure an estimated profit of $357,000, translating to a notable profit percentage of +10.67%.

Notably, the whale also received back 1.863M USDC from Binance after it deposited those MKR to the CEX.

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