Summary
- A large Maker (MKR) wallet has burned 17,362 MKR tokens worth approximately $290 million.
- This burn represents 1.99% of the total MKR token supply.
- MKR price showed a downward trend on Binance market after the burn.
A wallet holding a large amount of Maker (MKR) tokens has burned 17,362 MKR. This amounts to approximately $20.21 million (about 29 billion won).
According to the cryptocurrency transaction tracking site Whale Alert on the 20th, the wallet burned 17,362 MKR at around 3:51 PM. This represents 1.99% of the total MKR token supply.
As of 4:13 PM, MKR's price is trading at $1,166 on Binance's USDT market, down 2.59% compared to the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
