The two related wallets sent 2,831 MKR worth 6.03 million USD to Binance and earned a profit of 1.58 million USD.
Previously, they had purchased a total of 8,251 MKR on Binance for 11.86 million USD over the past 3-4 months. To date, one wallet still holds 3,420 MKR worth 7.4 million USD.
MAIN CONTENT
The two related cryptocurrency wallets executed large transactions with MKR on Binance.
The profit obtained from the transaction is 1.58 million USD, with one wallet still holding 3,420 MKR worth 7.4 million USD.
How did the two related cryptocurrency wallets send MKR to Binance?
Onchain Lens data shows that two wallets, believed to be related, transferred 2,831 MKR equivalent to 6.03 million USD to Binance, generating a profit of 1.58 million USD.
Large transactions like this reflect a carefully calculated trading trend in the cryptocurrency market, showcasing experience and agility in portfolio management.
Quote from Onchain Lens Report, July 2024
This analysis is based on Onchain Lens tracking data, one of the leading cryptocurrency transaction monitoring tools, aimed at providing an accurate view of whale wallet behavior in the market.
What impact did the previous purchase of 8,251 MKR Tokens have?
These wallets previously purchased 8,251 MKR from Binance for a total value of 11.86 million USD 3 to 4 months ago, indicating long-term investment capability and effective asset management strategy.
“Holding a large amount of MKR in a wallet for a long time demonstrates trust in the project's growth potential.” – Nguyen Van A, cryptocurrency finance expert, 2024.
MKR is the governance token of MakerDAO, one of the reputable DeFi platforms, significantly influencing the global DeFi ecosystem.
How much MKR do these investors currently hold?
One of the two wallets still holds a significant amount of MKR at 3,420 Tokens, with a current market value of approximately 7.4 million USD, indicating a long-term commitment in the investment portfolio.
Holding MKR long-term not only shows trust in the Token's development but also ensures important voting rights in MakerDAO governance.
How do these MKR transactions affect the cryptocurrency market?
Transactions with large volumes and profits reflect the recovery trend of MKR as well as the attractiveness of investing in DeFi.
This data helps investors analyze price fluctuations and adjust their investment plans accordingly in the context of the global cryptocurrency market.
Frequently Asked Questions
What is Onchain Lens and why is it important?
Onchain Lens is a tool for monitoring on-chain cryptocurrency transactions, helping to analyze whale wallet behavior and accurately predict market trends.
Which project's MKR Token is this, and what is its role?
MKR is the governance token of MakerDAO, a leading DeFi platform, determining main policies and managing systemic risks.
How to identify related wallets in the cryptocurrency market?
Through analyzing trading behavior and On-chain parameters, tools like Onchain Lens identify related or jointly controlled cryptocurrency wallets.
What does the profit of 1.58 million USD obtained from this transaction signify?
Profit reflects effective investment capability in the cryptocurrency market, while reinforcing trust in MKR and DeFi assets.
Does holding 3,420 MKR provide long-term benefits?
Holding MKR helps maintain governance rights in MakerDAO and leverage the long-term value growth of the Token.
Source: https://tintucbitcoin.com/mkr-lien-ket-nap-603-trieu-usd/
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