MakerDAO-Linked Wallet Deposits 500 MKR ($1.42M) to Binance
A wallet associated with MakerDAO has made a notable move by depositing 500 MKR (valued at $1.42M) to Binance after 13 days of inactivity. The transaction was facilitated through a middle wallet.
Transaction: 0xce5e96c757a82aebd9b19f45ea567686a234dcb9ffcf4839776fa8bd5e2d0173
Main Address: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Middle Address: 0x1cC12FED5e2D09DDBb61Bec70574B4cF0d1A5825
Key Observations:
Linked Wallets: Two wallets linked to UHDC/MakerDAO, 0xbba and 0x7fd, have collectively deposited 13,650 MKR to Binance at an average price of $2,811, totaling $38.37M, since April 22, 2024.
Impact on MKR Price: The price of MKR has shown a tendency to drop following these deposits.
Current Holdings: The two wallets still hold 14,155 MKR, valued at approximately $40.38M.
Address 1: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Address 2: 0x7fda46250dbc2eb3a24d11374dd1380ce69e75e4
Stay tuned for more updates on significant market activities and whale movements in the crypto space!
