According to BlockBeats, MakerDAO announced the Spark Tokenization Grand Prix competition, planning to invest $1 billion in reserves in tokenized U.S. Treasuries. After the news was released, the MKR token rose 10% within 24 hours.

MKR has risen by more than 200% this year and 38% in the past week, with the price exceeding $2,800. The official address is suspected of cashing out, with a total of 13,650 MKR transferred to exchanges in the past three months, worth about $38.46 million.