Whale 0x991 just deposited all 2,240 MKR ($4.23M) to Binance:

• transaction: 0xc2d18522744767d1c59d5972c6fb352ae9132022eba36b94e5ed167888ef6114
• address: 0x99101df53be95455167f40f4ffe24a4d79c4ca75
• other address: 0x97d62a90e0abbc7b7de9824ad27f1be540702cf2

Notably, this whale wallet appears to belong to a bigger whale that owns 2 wallets and has been trading MKR since June 26, 2024.

Overall, the above deposit marked the end of this bigger whale's first MKR trade with an estimated loss of $2.48M (-21.2%) after nearly 6 months:

• withdrew 4,802 MKR from OKX at an average price of $2,441 (estimated cost: $11.72M) on June 26 and 27, 2024;

• deposited all MKR tokens to Binance at an average price of $1,924 ($9.24M) over the past 2 days (more details here).

While incurring losses from MKR and LDO, this whale currently has an unrealized profit of $25.3M (+344%) by holding 89,109 AAVE ($32.66M) across 2 wallets since June 23, 2024.

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.