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, a whale has transferred 1,270.5 MKR, valued at $2.48 million, to Kraken after holding for over two years. The MKR was accumulated via Kraken, Binance, and Wintermute during 2022-2023 at an average cost of $895 per token. The whale's move to deposit all MKR holdings to Kraken suggests an imminent large-scale sale. At current MKR prices, the profit is estimated at $134,000. This significant sell-off could impact MKR liquidity and short-term price volatility, presenting actionable insights for traders monitoring Maker (MKR) market dynamics. (Source: @EmberCN on Twitter, June 18, 2025)