Tag: Maker News

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. The blockchain experienced a 21% rise in whales’ activity after the token showed huge gains on the cryptocurrency market In addition to a rising number of transactions on wallets worth over $100,000, key stakeholders currently own the highest percentage of the MKR supply. Read Also: Terra (LUNA) Trading Volume Spike 200% as Market Correct To a Death Spiral https://twitter.com/santimentfeed/status/1525554975811592192 Back on May 11, MKR got a record-breaking 100%^ to its price in less than 24 hours. But due to high selling pressure on the market, the price of the token tu...

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. Maker's MKR saw a significant spike of as much as 93% to reach intraday highs of $2,284 on May 11 as MKR token and DAI stablecoin benefited from the precipitous fall of Terra's UST stablecoin, which slipped to lows of $0.26 earlier on Wednesday. Read Also: Shiba Inu Price Rallies from Lows, SHIB Daily Huge Transactions Rise by 261% As stated by the CoinMarketCap data, MKR currently trades for $1,435, demonstrating a price increase of 12% in the last 24 hours, having trimmed off some of the earlier gains. As Terra UST continues to slip, MKR...