$MKR Bull Case — June 2025 Update 🚀

Circle IPO explodes to $25B in days, and yet Maker is still trading <$2B. That gap won’t last long.

🔸 Circle’s $25B IPO = Greenlight for DeFi

Circle’s valuation shock is a wake-up call: institutional demand is back. If Circle is worth $25B, then Maker — DeFi’s closest on-chain equivalent — being <10% of that is a joke. We expected MKR to trade ~$3K if Circle IPO hit this level. It didn’t happen yet, but the divergence looks temporary.

🔸 DeFi Tailwinds Building

• Stablecoin bill + market structure reform

• SPARK launch rumored this month

• 15%+ APY on SKY staking now live

• ETHC launch near June 30

• USDS/SKY incentives → stablecoin TVL growth incoming

🔸 Rotation to Quality is Real

As memecoins stall, funds and on-chain whales are moving to cashflow DeFi. Maker is one of few tokens that actually prints revenue, does buybacks, and now has SKY staking incentives kicking in.

🔸 Price Action

MKR has consolidated around $1.7K–1.8K — historically, this pattern precedes strong upside. Summer chop = prime accumulation zone.

The conditions are ideal. Stablecoin infra is strengthening. Institutions are entering via equity. If you believe in DeFi, this is the window.

Bullish.

#MKR #DeFi #CircleIPO #SPARK #SKY #USDS #Stablecoins #Ethereum #Crypto