A Fall May Come in the Giant DeFi Altcoin: Whales in Profit Are Selling Largely!

Two different cryptocurrency whales pocketed their profits by selling millions of dollars of altcoins.

According to data transmitted by the on-chain analysis platform Lookonchain, two cryptocurrency whales came to the fore with the sale of Maker (MKR). The whales in question sold a total of 2,356 MKR worth $6.9 million on May 23.

The first whale, with the address “0xAdf5”, had purchased 1,075 MKR worth $1.95 million between February 19 and February 27 at $1,819. He made a profit of $1.2 million by selling his holdings at $2,931.

The second whale, with address 0xB47c”, purchased 1,281 MKR worth $2.77 million at $2,162 on January 9. MKR sold its assets for $2,946 earlier today, making a gain of $1 million.

According to CoinGecko data, MKR, which has lost 4% of its value in the last 24 hours, is traded at $ 2,845 at the time of writing.