Crypto NewsAltcoinThe Crypto Whale That Sold This Morning is Making Moves Again!

The Crypto Whale That Sold This Morning is Making Moves Again!

The whale, which we reported to have sold a large amount of altcoins in the morning, took action again and carried tokens to the stock market.

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As Bitcoin struggled to break above $30,000, Maker DAO's native token Maker (MKR) has been one of the best performing cryptocurrencies in the past 24 hours, gaining more than 20% at one point.

However, some whales are taking advantage of this rally and transferring large amounts of MKR to exchanges, possibly to sell.

Earlier today, Bitcoinsistemi.com reported that a16z, a leading venture capital firm, deposited 12,634 MKR (worth $12.6 million) to Coinbase via address “0xd520”, and also moved MKR 6,900 (worth $8 million) to a new address.

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Also, another crypto investment firm, CMS Holding, had invested MKR 525 (worth $614,000) in Binance.

Now, according to Lookonchain, a crypto analytics platform, a16z deposited another 1,500 MKR (worth $1.73 million) on Coinbase an hour ago.

Moreover, another whale unstacked the 4,210 MKR ($4.85 million worth) coin and deposited it all on Binance four hours ago. This whale had amassed MKR 4,210 (worth $3.19 million at the time) from Binance at a price of $758, making a profit of ~$1.66 million.

*Not investment advice.

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