According to Lookonchain monitoring, a smart trader earned about $292,400 by closing his $MKR short position. The trader borrowed 500 $MKR from Aave on July 19 and sold it for $1.37 million USDC. Just 16 hours ago, he repurchased the $MKR needed to pay off the debt for only $1.07 million USDC at a lower price.

#pepe