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MKR Whale Redeems 35,000 ETH from Lido Staking Protocol
According to Foresight News, an MKR whale has redeemed 35,000 ETH (worth $82.63 million) from the Lido staking protocol in the past 24 hours. The funds were subsequently deposited into a DSProxy contract, with the purpose of the transaction remaining unknown. The whale's assets are valued at $620 million, and they currently hold 28,000 MKR tokens, ranking third among individual MKR holders. The average cost of their holdings is $689, with a current floating profit of $21.33 million.
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