Maker (MKR) records significant whale activity in months after 24,300 MKR transfer $MKR
Large transactions or massive moves during downturns have frequently been associated with positive turnarounds, as Santiment explained for the massive MKR transfer.The cryptocurrency market declined on Friday as a result of key inflation data that appeared to have alarmed investors.
The world's largest economy's inflation surged, according to a report released on Friday, raising the possibility of additional interest rate increases by the U.S. Federal Reserve.According to data from , the largest cryptocurrency by market capitalization, Bitcoin, is currently down 3.12% in the last 24 hours and trading for $23,032. It only recently crossed the $25,000 mark for the first time in eight months.
The majority of other cryptocurrencies have also taken a hit. Maker's MKR token was down 4.36% in the last 24 hours at $701.
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