Significant MKR Transfer Sparks Speculation of CEX Movement

According to PANews, a total of 25,562 MKR tokens, valued at approximately $42.6 million, have been transferred from ten Anchorage custody addresses to an institutional business platform address. This movement has led to speculation that the tokens may soon be directed towards a centralized exchange (CEX). The MKR tokens were initially held in custody in January 2024 at an average price of $2,073 per token. The current transfer price stands at $1,667 per token, resulting in an unrealized loss of $10.38 million.