According to @OnchainDataNerd, within a 12-hour period, there were substantial deposits of MKR to major exchanges. Specifically, 0x461 deposited 1,409 MKR (worth $3.85 million) to Coinbase, and Anchorage transferred 757 MKR to Wintermute. Additionally, 0x1cC deposited 500 MKR (around $1.35 million) to Binance, while Wintermute transferred 669 MKR (valued at $1.88 million) to Binance's hot wallet.