{"id":137305,"date":"2024-09-16T17:00:10","date_gmt":"2024-09-16T14:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137305"},"modified":"2024-09-16T11:03:36","modified_gmt":"2024-09-16T08:03:36","slug":"crypto-whale-exits-market-after-major-loss-on-maker-investment","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-whale-exits-market-after-major-loss-on-maker-investment\/","title":{"rendered":"Crypto Whale Exits Market After Major Loss on Maker Investment"},"content":{"rendered":"<p>The whale in question purchased 1,100 Maker (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/maker\/\">MKR<\/a><\/strong>) tokens on July 27, paying an average price of $2,643 per token, for a total investment of $2.91 million.<\/p>\n<p>Unfortunately, this investment did not pay off. According to the data, the whale sold off all of his MKR holdings on Binance at an average price of $1,613, resulting in a loss of $1.13 million.<\/p>\n<p>In just 50 days, the whale saw 40% of their investment disappear before deciding to exit the market entirely.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/altcoin-crash-looming-analyst-predicts-major-drop-by-year-end-2024\/\" title=\"Altcoin Crash Looming? Analyst Predicts Major Drop by Year-End 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/stock-markets-dive-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Altcoin Crash Looming? Analyst Predicts Major Drop by Year-End 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>MKR has been hit harder than many other cryptocurrencies over the past month, as the decentralized finance platform Maker considered halting the issuance of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/multi-collateral-dai\/\">DAI<\/a><\/strong> in exchange for Wrapped Bitcoin (WBTC).<\/p>\n<p>Rumors also circulated that WBTC could eventually end up under the control of Tron founder Justin Sun.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent onchain data revealed that a major cryptocurrency investor, often referred to as a &#8220;whale,&#8221; has taken a significant financial hit on an altcoin investment and fully exited the market.<\/p>\n","protected":false},"author":3,"featured_media":35276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Whale Exits Market After Major Loss on Maker Investment<\/title>\n<meta name=\"description\" content=\"Recent onchain data revealed that a major cryptocurrency investor, often referred to as a &quot;whale,&quot; has taken a significant financial hit...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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