Detecting Wallet Address Shows Extreme #Bullish With $MKR 🚀
An interesting wallet address, with Nametag @the_walkerdog, made a significant purchase by acquiring a total of 312 MKR valued at up to 422,000 USD 💰 through protocol #CowSwap .
After completing the purchase, this wallet transferred all MKR to a secondary wallet and used them as collateral to borrow funds, optimizing profits through leverage ⚖️.
Currently, on platform #AaveV3 , they are collateralizing 340 MKR and have borrowed 226,000 USDT, with the current HR (Protection Factor) ratio at 1.41 📊. This means that if the price of MKR drops by 29%, reaching 950 USD 📉, this wallet address will be at risk of #MarginCall ⚠️.
Is this strong action a sign that this wallet address is extremely bullish on the market, ready to borrow to capitalize on the potential growth of MKR? 🤔 This question remains unanswered, but clearly, they are making a big bet on the future of this coin 💥