According to BlockBeats, on August 14, Lookonchain monitoring revealed that a whale trader closed their MKR short position, earning approximately $292,400 in profit.

On July 19, the trader borrowed 500 MKR from Aave and sold it for $1.37 million USDC. Sixteen hours ago, the trader repurchased the necessary MKR to repay the debt for only $1.07 million USDC.