Data provided by whale watching platform WhaleStats, with the 1,000 largest Ethereum (ETH) whales weighing in trading over the past 24 hours, has created Maker (MKR), a decentralized finance (DeFi) altcoin project. For details, continue reading Kriptokoin.com.
Altcoin projects targeted by Ethereum whales
According to the data shared by WhaleStats, MKR has an important place in the trade of Ethereum whales. DeFi altcoin project MKR, which ranks 53rd in the crypto ranking, was trading at $2,220.01 at press time, down 2.99% in the last 24 hours, according to CoinMarkerCap data. The altcoin project has gained 12.67% in value over the past week, bringing its market cap to $2,170 million. The DeFi altcoin is 64.98% below its all-time high of $6,339.02, which it saw nearly nine months ago.
According to whale watching platform, top 1,000 ETH whales in last 24 hours, respectively Ethereum (ETH), Tether (USDT), Binance USD (BUSD), Axie Infinity (AXS), Synthetix (SNX), Maker (MKR), Cahainlink (LINK) and USD Coin (USDC). The top selling tokens were ETH, USDT, BUSD, Gala Games (GALA), Wrapped BTC (WBTC), SNX, AXS, USDC, Ankr (ANKR) and Fantom (FTM).
However, Ethereum whales hold the most cryptocurrencies other than ETH in their wallets: the native token FTT from cryptocurrency exchange FTX and the popular meme coin project Shiba Inu (SHIB). These cryptocurrencies are followed by USD Coin (USDC), Tether (USDT), Okb (OKB), Bitpanda Ecosystem Token (BEST), Crypto.com Coin (CRO), and Decentraland (MANA).
What is DeFi altcoin Maker (MKR)?
One of the largest decentralized applications (dApps) on the Ethereum Blockchain, Maker Protocol was designed by a diverse group of developers and is managed by MakerDAO. MakerDAO is a decentralized autonomous organization (DAO) composed entirely of MKR holders from around the world. These MKR holders can stake MKR tokens to vote on proposed changes to the Maker Protocol and ensure the efficiency, transparency and stability of Dai.
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