Maker

A cryptocurrency trader has managed to make around $300,000 in a single month shorting MakerDAO’s MKR token, having borrowed 500 MKR from popular decentralized finance (DeFi) protocol Aave on July 19, to then sell the tokens for $1.37 million. The trader, according to on-chain analysis service Lookonchain, then spent little over $1.07 million in the […]

On August 13, Grayscale Investments, the world’s largest cryptoasset manager and a whole-owned subsidiary of Digital Currency Group (DCG), unveiled the Grayscale MakerDAO Trust, which is designed to provide investors with direct exposure to MKR, the utility and governance token associated with MakerDAO, a decentralized autonomous organization (DAO) that governs the Maker Protocol, a decentralized […]

The price of MakerDAO’s native token $MKR has been bucking the bearish trend in the cryptocurrency space, having surged nearly 200% so far this year to now trade at a 16-month high above $1,500 per token. According to available market data, the cryptocurrency started the year trading at around $500 after falling from an all-time […]

An anonymous trader operating a cryptocurrency arbitrage bot has recently executed a flash loan involving $200 million worth of the $DAI stablecoin, in a large transaction that yielded a modest profit of just $3.24 after transaction fees were taken into account. According to data shared by Arkham Intelligence on social media, the $200 million worth […]

An Ethereum-based competitor of the Terra ($LUNA) ecosystem that collapsed earlier this month has been seeing its price surge amid “major whale activity,” as large holders are presumably moving towards it and its decentralized stablecoin. According to data from on-chain analytics firm Santiment, Maker ($MKR) has seen “major whale activity” in the last couple of […]