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Justin Sun Deposits $4 Million Worth of MKR on Binance as MKR Whales and Sharks Accumulate: Could This Lead to a Price Rally?

Justin Sun has deposited over $4 million worth of MKR on Binance, while the open interest for MKR has decreased, increasing the chances of a trend reversal.

The price of MKR has decreased by 2% in the last seven days and more than 1% in the last 24 hours, but there are signs of accumulation among investors, with whales and sharks hoarding the token.

Other metrics also suggest accumulation, such as a decrease in MKR's supply on exchanges and an increase in off-exchange supply. The Maker MACD reveals a battle between bulls and bears, but the MFI indicator suggests that the bulls may win.

Maker Maker $1,608.54
+0.89%
Justin Sun Binance
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