Multiple Wallets Withdraw Millions of MKR Tokens from Binance

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Wallets,MKR Tokens,Binance

As many as 13 wallets have withdrawn 13,560 MKR tokens, worth nearly $46 million, from Binance over the past week. Speculations arise that all the wallets might belong to one entity.

, as many as 13 wallets withdrew 13,560 MKR tokens, worth nearly $46 million at prevailing market prices, from Binance over the past week. In fact, about 65% of the tokens were withdrawn in the last 24 hours alone.

Interestingly, all the 16 wallets received funding from one common wallet, which allegedly belonged to Anchorage Digital, a well-known crypto-custodian for financial institutions. This has fueled speculations that all the wallets might belong to one entity. As per AMBCrypto’s analysis of Santiment’s data, whale transactions surged significantly over the last month. The fact that MKR’s exchange reserves depleted in the same time proved that investors have been stacking up.– An ambitious project introduced by co-founder Rune Christensen. It is aimed at overhauling the governance and tokenomics of the Maker Ecosystem. The launch is scheduled for sometime in summer 2024.

Wallets MKR Tokens Binance Withdrawals Speculation Cryptocurrency

 

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