- Spot On Chain announced on X today that a whale sold 1,960 MKR tokens via Binance.
- After this, the same whale withdrew 742.3 ETH and 113K FET from Binance.
- At press time, MKR was worth $1,298.08 after its price slipped by more than 2% in the past 24 hours.
Earlier today, the on-chain data and unlocks platform Spot On Chain revealed in an X post that a whale known as peedan.eth sold 1,960 Maker (MKR) tokens via Binance. According to the post, the MKR tokens were worth about $2.56 million.
The fact that the whale sold his tokens meant that he closed his MKR position at a more than 7% loss. Spot On Chain also revealed that since selling his MKR, the whale has withdrawn Ethereum (ETH) and Fetch.ai (FET) from Binance.
So far, the whale has withdrawn 742.3 ETH, worth $1.41 million, and 113K FET, valued at approximately $43.3K, from Binance. At press time, Spot On Chain estimated that the whale holds 743.3 ETH and 1.079 million FET.
peedan.eth allegedly sold 1,960 $MKR ($2.56M, avg price: $1,305) via #Binance in the past hour, officially closing his $MKR deal at a loss of $213K (-7.3%).The post MKR Price Drops After Whale Sells $2.56 Million Worth Of Tokens appeared first on Coin Edition.The whale has then withdrawn 742.3 $ETH ($1.41M) and 113K $FET ($43.3K) f…