CandleFocus

Maker surges 11%, bringing 50% of holders to the profit zone

Author: Content Editor
The cryptocurrency token Maker (MKR) has seen a significant increase in value, up 11% in the past 24 hours and trading at a high of $1,280. This surge in price has led to increased trading volume and interest in the token. However, despite these gains, MKR is still down 80% from its all-time high. Approximately 50% of MKR holders are currently in profit, while 45% are still at a loss. The number of daily active addresses in profit has also seen an increase. The token's price may be impacted by profit-taking due to the large percentage of the token supply held in whale wallets. Additionally, there has been an increase in whale transactions and net inflows of MKR onto exchanges. The Sky ecosystem, formerly known as Maker, is experiencing an identity crisis and may announce a rebranding decision in mid-November.

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