According to Spot On Chain monitoring, two whales are suspected of selling MKR worth $10.2 million in the past 5 hours for profit.
-The whale address starting with 0x09e or 0xdbb deposited 3,192 MKR (about $9.15 million) to Binance at an average price of about $2,868 in the past hour, and the profit is expected to reach $3.54 million (+63%) after 4 months.
-The whale address starting with 0x637 sold the last 350 MKR at an average price of about $2,961 3 hours ago in exchange for 325 ETH (about $1.04 million), and the profit is expected to reach $1.86 million (+241%) after one year, completing its first MKR transaction.