Should $MKR Be Accumulated For The Long Term?

1. Breaking new: MakerDAO (MKR) has been added to Grayscale's "Trust" Fund investment portfolio, joining names like $SOL, $SUI, $TAO , and $LINK .

This move serves as a bridge for traditional finance investors to access crypto assets in the form of securities.

==> You can track MKR's asset under management (AUM) by Grayscale.

2. According to iCrypt, MKR is currently the top DeFi token attracting the most whale inflows over the past 7D.

The increase represents 2.8% of the total MKR held by whales. MakerDAO ranks third after UNI and LINK in the DeFi Balance category.

Are there any factors that make you bullish 🔼 or bearish 🔽 on this token in the long term?

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In the short term, wallet 0x1772 made ~$310K profit by being bearish 😨 on MKR:

🔸 Borrowed 500 MKR (~$1.37M) from AAVE on July 19 to short sell

🔸 Today, this wallet bought back 500 MKR (~$1.06M) to repay the loan —> Profited ~$310K from this transaction.

#DataFi #iCrypto #MakerDAO