Maker token, which spiked by over 35% this week and was reaching 90% gains at some point, also shows a spike in the activity of large wallets on the network, as stated by on-chain data provided by Santiment.

According to IntoTheBlock, Maker’s MKR has spiked 33% as the entire crypto market faced a downturn. Maker (MKR) is the governance token of MakerDAO and Maker Protocol that allows users to issue and manage the DAI stablecoin.