A smart money address closed its short position and made a profit of about $292,400

According to Lookonchain data, a smart money trader closed his MKR short position and made a profit of approximately $292,400.

It is reported that on July 19, the trader borrowed 500 MKR from Aave and sold it for $1.37 million USDC. 16 hours ago, the trader spent $1.07 million USDC to buy back the MKR needed to repay the debt. #DYOR42711