MKR is now ranked 6 in Spot On Chain Smart Money Inflow, and the price is surging back! We noticed two notable MKR accumulators in the past 12 hours, as follows:

1. Maven 11 just now withdrew 899.09 MKR ($1.30M) from Binance at $1,450:

• transaction: 0x7fa560c6e4845a297ff0a118e84950f15e8a3a307f159cf626108b61786a74c1
• address: 0x1d812a7e929d4dbe237926ed8e7c31434b9ab469
• This address belongs to the entity Maven11

• check out Maven 11's visualizer here

Notably, this is the VC's first MKR accumulation after 2 years. Previously, the VC only traded a small amount of MKR but is now more bullish with the token.

Fig 1. Maven 11's overall MKR trading history.

2. Whale 0x9e7 accumulated 1,226 MKR ($1.75M) from Binance at $1,424 around 12 hours ago:

• transaction: 0xdfbbddf04cc5cf5870a281c54316e918cc1e57af28e4338dcb2069bc739bcebe
• address: 0x9e74e1dcc5f70600a99f985e45709acf029e5b29
• check out Whale 0x9e7's visualizer here

Notably, the whale has been bag-holding 4,776 MKR (now $6.93M) since July 25, 2023. He accumulated these MKR from Binance at an average price of $1,330 (estimated cost: $6.35M).

As such, the whale's estimated unrealized profit from MKR is $609K (+9.6%).

Fig 2. Whale 0x9e7's overall MKR accumulating history.

Tips on how to uncover potential tokens:

1. Check out the Smart Money Inflow on the Signal page to see which tokens are being accumulated by smart whales and institutions.

Fig 4. Spot On Chain's Top Smart Money Inflow chart.

2. Further investigate via the token page, which shows the real-time CEX and DEX netflow, and other related details. Specifically, in the case of MKR, it is easy to see the negative flow picked up recently. This suggests that whales were accumulating MKR.

Fig 5. MKR token saw negative flow from CEX and DEX recently.