According to Lookonchain, whale 0x4111 deposited 1,271 MKR worth approximately $2.45 million to Kraken just 15 minutes ago. This whale purchased MKR at an average price of $895 between February 11, 2022, and March 8, 2023, and has held the tokens for over 3 years. If the MKR is sold, the whale would realize a profit of about $1.32 million, representing a 116 percent gain. Such large deposits to centralized exchanges like Kraken often signal potential selling pressure, which could impact short-term Maker (MKR) price action and create volatility for traders. On-chain movements by major holders are closely watched as they frequently precede significant market moves. (Source: Lookonchain, etherscan.io/address/0x4111)

According to @EmberCN on Twitter, Standard Crypto partner @izebel_eth transferred 2,000 MKR tokens (worth $3.06M) and 20,000 AAVE tokens (worth $3.31M) to Coinbase within the past hour. These tokens were originally acquired on-chain between late February and early March, and the transactions suggest a realized loss of approximately $262,000. Such significant whale movements to centralized exchanges like Coinbase are often interpreted as potential sell signals, which could impact short-term price volatility for both MKR and AAVE. Traders are closely monitoring these on-chain transfers as leading indicators of market sentiment and liquidity flows. (Source: @EmberCN via Twitter, intel.arkm.com)