2 whale addresses are converting MKR to SKY at a certain ratio, not unilateral destruction
On February 20th, according to Etherscan data, the address starting with 0x2b16 destroyed 17,262.99 MKR tokens 1 hour ago, exchanged for 416,711,896.8 SKY tokens at the official rate (1:2400).
The address starting with 0x06bF destroyed 20,933.76 MKR tokens 25 minutes ago, exchanged for 502,410,240 SKY tokens. Subsequently, 10 minutes ago, it destroyed another 15,001.38 MKR tokens, exchanged for 360,033,258 SKY tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP and Cardano Survive Due to Early Advantage, Says Mike Novogratz
Ethereum Foundation seeks social media manager amid criticism
Bitcoin’s Next Major Top Projected for February 2026
The Pi Cycle Top Indicator signals a potential Bitcoin peak in February 2026, with a projected price of $258K per BTC.Understanding the Pi Cycle Top IndicatorWhat This Means for Investors
M2 Global Liquidity Rises Again: Will Alts Follow
M2 global liquidity is rising again after peaking in Dec 2024. Will altcoins start catching up soon? Here's what to expect.Altcoins Lag Behind But May Soon Catch UpWhat to Expect Next?
Trending news
MoreCrypto prices
More
