Wallet 0xbba (likely UDHC*/MakerDAO) just deposited another 500 MKR ($1.42M) to Binance via middle wallet 0x1cc after 13 days of inactivity:

• transaction: 0xce5e96c757a82aebd9b19f45ea567686a234dcb9ffcf4839776fa8bd5e2d0173
• main address: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
• middle address: 0x1cC12FED5e2D09DDBb61Bec70574B4cF0d1A5825

Notably:

• Two wallets linked to UDHC*/MakerDAO, 0xbba and 0x7fd, have deposited 13,650 MKR to Binance at an average price of $2,811 ($38.37M) via the middle wallet 0x1cc since April 22, 2024.
• The price of MKR tended to drop after the wallets' deposits.
• Currently, there are 14,155 MKR ($40.38M) left in the two wallets.
• address 1: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
• address 2: 0x7fda46250dbc2eb3a24d11374dd1380ce69e75e4

Fig 1. Two wallets linked to UDHC*/MakerDAO have deposited 13,650 MKR ($38.37M) to Binance since April 22, 2024.

Fig 2. The MKR fund movements of the two wallets linked to UDHC*/MakerDAO.

*UDHC is an initiative to bring DeFi to the mainstream led by Steven Becker (Former President & COO of the Maker Foundation) and operated by former Maker Foundation employees.