According to Spot On Chain monitoring on September 22nd, it was reported that a whale address starting with 0xe86 deposited 309.88 MKR (approximately $418,000) into Binance at an average price of $1348 before the market fell for 19 hours. This address had previously acquired these MKR (approximately $200,000) from Binance at an average price of $645.13 in June.
If the purchase and sale were real, this address would have made a profit of $218,000 from MKR in 3.5 months, with a return rate of 109%. In addition, Spot On Chain also detected that three other addresses collectively sold 660.32 MKR in the past 8 hours, receiving a total of $866,000 in the form of ETH and stablecoins.
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