MakerDAO [MKR] may have had one of its best-performing months in February, but that 40% 30-day surge only had a minimal impact on the token’s long-term holders.

During the previous month, most cryptocurrencies only traded sideways. But MKR’s standout growth was one not to disregard. 

Despite the hike, many addresses that held MKR for the past 365 days could only rise to gain regions for the first time since they accumulated. The price increase brought MKR’s 2023 performance to a 75% hike, implying that a lot of holders bought the top.

It was a more discouraging phase for believers in the Maker project who have owned the token for far greater years. According to Santiment’s insight, this group has continued to bear losses.