Whale 0x3c7 just deposited all 1,100 MKR ($1.77M) to Binance at a losing price of $1,612:

• transaction: 0xe1450caedc7a5fb3626d12125d7b276ac5802e2d720e06c4794d328fec310ef5
• address: 0x3c7446ba4c16e0a8b37b005340f5f566d7ab33ab

Notably, the whale appears to belong to a network of two whales that just closed the first MKR trade with an estimated total loss of $3.56M (-19.6%) after 60 days:

• withdrew 6,383 MKR from Coinbase Prime at $2,852 on average (estimated cost: $18.21M) between July 15 and 27, 2024;
• deposited the tokens to Binance at only $2,294 on average ($14.64M) between July 27 and September 14, 2024.
• other address: 0xf6cc89d7d472317cb5dc1059e8cd831bbea20176

Fig 1. The overall MKR trading history of the entity of 2 MKR whales.