MakerDAO Rebrand Fails to Halt MKR Price Decline

Despite MakerDAO's rebranding to the Sky Ecosystem, Maker (MKR) has dropped 44% recently, now sitting at a key support level of $1,260.

MakerDAO Rebrands to Sky Ecosystem
After 10 months of work, MakerDAO is transitioning MKR to Sky (SKY) and Dai to Sky USD (USDS), with 1 MKR redeemable for 24,000 SKY tokens. The rebrand will unfold in four phases, including Governance AI tools and a NewChain launch.

MKR Price Struggles
Despite rebrand excitement, MKR has declined, breaking below the $2,200 support level. If $1,260 holds, a rebound could target $2,200, but a drop below may deepen the downtrend.

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