$MKR price has dropped by up to 7.3%, from $1,569 to $1,454 as of this analysis, over the past 24 hours. During this period, we noticed a whale and a smart trader, who are both earning $4M+ from $MKR, took different actions with the token:

1. Whale 0xd4e accumulated 8,176 $MKR from Coinbase Prime at $1,448 ($11.8M) on September 29, 12:22 PM (UTC):

• the whale probably tried to catch $MKR at the local bottom by accumulating the token right after the price suffered a drop
• current holding: 24,470 $MKR ($30.7M) across 2 addresses

• txid: 0xf3b803b62280b62faf5c2c05336ab44ba9096518bf1c1c3300bf43058f9bce53

• address 1: 0xd4e3e406e6680301a7afe8bfc2c64a81f923e1f5 (holds 24,256 $MKR)
• address 2: 0x54df553cba5a08bb8679074f71bb4fbd32c7a7e6 (holds 214 $MKR)
• check out whale 0xd4e's visualizer here

Overall, it appears that:

• whale 0xd4e is currently bag-holding all 24,470 $MKR, which he accumulated at $1,261 on average from FalconX and Coinbase Prime ($30.9M) since July 27, 2023, and has an estimated gain of $4.72M from the token. Otherwise, the whale has yet to accumulate any other token, not even $ETH

• $MKR tends to slightly surge after each of the whale's accumulations

Fig 1. Whale 0xd4e accumulated 8,176 $MKR from Coinbase Prime at $1,448 ($11.8M) recently.

Fig 2. Whale 0xd4e's overall $MKR accumulating history.

2. Smart whale 0x475 further deposited 5,000 $MKR to Binance at $1,457 ($7.28M) on September 30, 12:41 AM (UTC):

• current holding: 5,001 $MKR ($7.26M)

• txid: 0xa9da5934dc0b42996318ec8b449e6fc7e3ecaa786ecb178535e8b5689758f9b1

• address: 0x47513e36b088a366e6fe7aab2c67b37957c35005
• check out whale 0x475's visualizer here

Notably, smart whale 0x475:

• accumulated a total of 13,446 $MKR from Binance at just $1,124 on average ($15.11M) on September 4

• just managed to deposit 3,527 $MKR to Binance at a high of $1,513 ($5.34M) on September 27, 23:15 PM (UTC) (previous signal here)
• total estimated gain from $MKR: $4.96M

Fig 3. Smart whale 0x475 further deposited 5,000 $MKR to Binance at $1,457 ($7.28M) just now.

Fig 4. Smart whale 0x475's overall $MKR trading history.