TechFlow reports, according to Spot On Chain monitoring, a whale at 0x8af has acquired a total of 4,077 MKR (approximately $5.88 million) from Bitget over the past 24 hours at an average price of $1,442 per MKR. The whale then deposited all of the MKR into Aave and borrowed 1.84 million USDC. Subsequently, the USDC was converted into DAI and deposited into MakerDAO at a 5% DSR rate.
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