One Decentralized Finance Altcoin Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In

Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In

-Maker (MKR), the 52nd-ranked crypto asset by market cap, is up more than 28.5% in the past seven days, trading for $1,570 at time of writing.

-MKR is the governance token that supports DAI, a stablecoin that aims to stay pegged one-to-one to the US dollar without any banks, governments or third parties.

-DAI largely kept its peg intact last week amid the collapse of fellow stablecoin TerraUSD (UST).

-Crypto analytics firm Santiment notes that Maker has witnessed major whale activity and a large spike in $100,000+ transactions in the past couple of days.

-Data science company IntoTheBlock reports addresses holding at least 0.1% of MKRs total circulating supply and currently own 85% of Makers overall supply.

 

 

One Decentralized Finance Altcoin Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In
Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In 3

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