It can be seen that a horizontal trend prevails in the cryptocurrency industry as of today. The leading cryptocurrency, Bitcoin (BTC), which still cannot make an upward or downward breakout, is accumulating at the level of $ 29,800.

While Bitcoin is accumulating, some altcoins may experience significant increases. It has been seen that the altcoin named #Maker  (#MKR ) has also exhibited upward movements in the recent period.

After Maker's rise, popular crypto investment companies took action. Companies, which are lining up to sell MKR at high prices, continue to transfer MKR to the stock exchanges.

Look On-Chain, a successful data provider, shared the following information on the subject:

“MKR PRICE INCREASED BY 20% LAST PERIOD.”

“WE NOTICED THAT A16Z RECENTLY DEPOSITED MKR IN COINBASE TO SELL. CMS HOLDINGS DECIDED TO SELL SOME OF THE MKR ASSETS THAT HE HAD RECENTLY ACCUMULATED 2 HOURS AGO.”

“a16z deposited 12,864 MKR (worth $12.6 million) to Coinbase via address “0xd520″.”

“a16z transferred 6,900 MKR (worth $8 million) to a new address 6 hours ago and will likely re-deposit these items to the exchanges for sale.”

“Currently a16z holds 12,396 MKR (worth $14.4 million).”

“CMS Holdings deposited 525 MKR (worth 614 thousand dollars) to the Binance exchange 2 hours ago.”

“CMS Holdings purchased 1,325 MKR (currently worth $1.54 million) from Binance and Bitget at an average price of $793.”

“Currently, CMS Holdings holds 800 MKR (valued at $936 thousand).””

It seems that crypto investment companies' continued sales of MKR may cause the popular altcoin to experience serious declines in the coming period.

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