A whale wallet recently deposited its entire 2,561 MKR holdings ($5.01M) to Binance at a significant loss. This wallet, along with another linked wallet, has been actively trading MKR since June 26, 2024. Collectively, the whale holds 2,240 MKR ($4.34M) in the second wallet, suffering an estimated total loss of $2.38M (-20.3%) on its MKR position.

The whale originally withdrew 4,802 MKR from OKX in late June at an average price of $2,441 (total cost: $11.72M) and recently deposited 2,561 MKR to Binance at $1,957. Besides MKR, the whale has incurred a realized loss of $120K (-3.84%) from trading 1.402M LDO between June 22 and December 6, 2024.

However, the whale's largest holding is 89,109 AAVE, valued at $33.72M across the two wallets, with an impressive unrealized profit of $26.29M (+357%) from this position.

The wallets involved are 0x97d62a90e0abbc7b7de9824ad27f1be540702cf2 and 0x99101df53be95455167f40f4ffe24a4d79c4ca75.
#MKRUSDT