The giant whale's bottom-fishing is not a coincidence; undervaluation + RWA track + MKR's ecological niche resembles a wealth train that hasn't departed yet.

What are the whales doing?

Recently, many large funds (whales) have been continuously buying MKR, quietly building positions while the price fluctuates around $1500—this usually indicates that 'smart money' has spotted opportunities that ordinary people have not yet noticed.

Why MKR?

RWA (Real World Asset tokenization) is one of the core narratives of this bull market. Simply put, it involves turning real assets like houses and bonds into on-chain tokens, and MakerDAO, behind MKR, is a veteran leader in this field.

Compared to similar projects (like ENA and ONDO with market capitalizations nearing $10 billion), MKR's fully diluted valuation (FDV) is only in the billions, significantly lower, offering greater room for imagination.

If traditional institutions like BlackRock and Fidelity really intend to lay out RWA, projects like MKR, which have actual business accumulation (for example, earning revenue through US Treasuries), are likely to attract attention.

My personal view

MKR hasn't surged like other RWA projects yet; it falls into the 'undervalued category.' Short-term fluctuations are inevitable, but the mid-to-long-term logic is solid.

Whales buying in + ecological revenue growth (for instance, using profits from US Treasuries to repurchase and burn MKR) could create a 'Davis double play.'

Risk points: when the market crashes, all coins may fall, but MKR's fundamentals are much stronger than pure meme coins.

If you are also focused on the RWA track, consider this question:

'When traditional institutions truly enter the market, will they prefer emerging projects or choose established protocols like MKR with a decade of accumulation?'

Follow me for the next issue, where I will dissect BlackRock's RWA layout path and on-chain data verification methods #美联储降息预期 $MKR