The main reason for the surge of $MKR .
On one hand, a giant whale withdrew 3,114 MKR (worth about 5.4 million USD) from Binance and upgraded to SKY and staked it. This operation has attracted market attention, possibly boosting everyone's confidence and driving up the price. On the other hand, from a technical and expectation standpoint, MKR has seen a strong upward trend recently, with a reversal pattern on the weekly chart and an increase in large transfers, indicating strong institutional interest. Over the past 7 days, it has risen by 22.3%, in sync with the recovery of the Ethereum ecosystem. Additionally, the number of new on-chain interactive addresses and holding addresses has increased, while the proportion of holdings in the top ten wallets has decreased, indicating a more dispersed distribution of tokens. The flow of funds and sentiment are both positive, and these factors together have contributed to the surge of MKR.
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