The day before yesterday, a whale wallet sold ETH and bought nearly 3,000 MKR at an average price of less than 3,000. This move allowed the price of MKR to break through the key point of 3,000 US dollars when the overall currency market fell yesterday.
The whale chose to take action at this time, which attracted people's attention and made many people speculate: Is MKR really going to be split?
There was news before that MKR would be split at a ratio of 1:12,000, which means that one MKR would be exchanged for 12,000 new coins.
So, is it a good opportunity for investors to invest at this time before the MKR split?
At the beginning of the last bull market, there was such a case in the cross-chain star project dot. At that time, dot was split at a ratio of 1:100.
Before the split, the price of dot coin was 300 US dollars, so many people calculated that after the split, its price should be around 3 US dollars.
As a result, on the day of the split, the price of the coin rose by more than 4 US dollars. When the main rising wave came in the late bull market, the price of the split DOT rose to a high of 55 US dollars. It can be said that the split of DOT is a very successful case.
Well, someone may ask, if MKR is really split, will it be as successful as DOT?
I have my answer to this question, and you should also have your own answer. As for whether our answer is right or not, the market will ultimately tell us in the form of numbers.