Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»MakerDAO: Should I hold MKR since whales are selling it?
ALTCOIN NEWS

MakerDAO: Should I hold MKR since whales are selling it?

By Crypto FlexsJanuary 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO: Should I hold MKR since whales are selling it?
Share
Facebook Twitter LinkedIn Pinterest Email

  • This whale behavior may add to the negative perception of MKR.
  • As FUD started to grow, sentiment towards MKR decreased.

MakerDAO (MKR) recently made headlines when its co-founder sold a large amount of MKR. Data shows this was not an isolated incident and other whales were following suit.

The whale is swimming away

Data from Lookonchain shows that over the past four days, significant transactions have occurred with whales offloading 2,658 MKR at an average price of $2,022.

Afterwards, the price of MKR fell 7.6% due to massive selling. Despite this, the whale still holds 2,007 MKR worth $3.9 million.

One whale killed 2,658 people. $MKR About 5.37 million $DAI The average price over the last four days is $2,022.

And the price is $MKR There has been a 7.6% decline since whale speculation began.

There are still 2,007 whales in the wild. $MKR ($3.9M), it will be sold again so watch out! https://t.co/4Inn58tYVb pic.twitter.com/uGhe38Wb7P

— Lookonchain (@lookonchain) January 29, 2024

This news follows a similar transaction from the Maker co-founder, who recently sold $4.5 million worth of MKR.

The fact that whales participated in the sales activity could add to the negative perception of MKR.

Investors could interpret this as a sign of collective anxiety among major holders, potentially raising doubts about MKR’s future price trajectory and overall market sentiment. This was further evidenced by the decline in sentiment towards MKR.

The decline in weighted sentiment suggests that many users on social media have a bearish outlook on MKR. Along with the drop in MKR price, network growth also dropped significantly.

This indicates that there are no new addresses looking to accumulate MKR and none of them saw the correction as an opportunity to buy MKR at a discount. Lack of buyer interest may have a negative impact on the price of MKR.

Moreover, the transaction speed of MKR has also decreased.

Source: Santiment

DAI Rolling

Even if the whales abandoned their tokens, this is not an indication of a lack of faith in the MakerDAO ecosystem.

The sale of these tokens immediately led to the accumulation of DAI.


How much is 1,10,100 MKR worth today?


Despite the massive accumulation of DAI, no significant changes have been observed in the market capitalization of stablecoins.

While the market capitalization of other stablecoins such as USDC and USDT continued to grow, DAI’s market capitalization remained flat.

Source: Santiment

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025
Most Popular

VanEck’s Matt Sigel: Why Now Is the Right Time to Pick the Solana ETF?

June 30, 2024

The optimistic candlelight formation suggests that the XRP price can touch $ 22.

May 31, 2025

Allocation Update – Q1 2025

May 11, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.