Wallet 0x97d just deposited all 2,561 MKR ($5.01M) to Binance:

• transaction: 0x5c3a1d8ec4cd08c83cb5a4032b4a2b7ed0be9acf575cf101fb6e6b6418c7f7cb
• address: 0x97d62a90e0abbc7b7de9824ad27f1be540702cf2
• other address: 0x99101df53be95455167f40f4ffe24a4d79c4ca75

Notably, this whale wallet appears to belong to a bigger whale that owns 2 wallets and has been trading MKR since June 26, 2024. Currently, this whale suffers an estimated total loss of $2.38M (-20.3%) from its MKR position, with 2,240 MKR ($4.34M) remaining in the wallet "0x991" above:

• withdrew 4,802 MKR from OKX at an average price of $2,441 (estimated cost: $11.72M) on June 26 and 27, 2024;
• has deposited 2,561 MKR to Binance at $1,957 ($5.01M) on December 16, 2024.

Previously, the whale also realized an estimated loss of $120K (-3.84%) from trading 1.402M LDO between June 22 and December 6, 2024.

However, besides MKR, this whale now also holds 89,109 AAVE ($33.72M) across 2 wallets. The whale has an unrealized profit of $26.29M (+357%) from its AAVE position.

Fig 1. The overall MKR trading history of the whale that owns two wallets, 0x97d and 0x991.

Fig 2. The overall AAVE trading history of the whale that owns two wallets, 0x97d and 0x991.