MakerDAO's MKR Token Surges as Whales Accumulate, Revenue Soars

MakerDAO's governance token MKR is nearing 16-month high of $1,366 as whales accumulate.
MKR has vastly outperformed broader crypto market this year with 152% returns vs Bitcoin's 64%.
MakerDAO's annual revenue has quadrupled to $185M as it invests reserve assets in US Treasuries.
Two crypto whales bought nearly $4M worth of MKR this month signaling improving sentiment.
Crypto hedge fund Ouroboros Capital sees MKR hitting $1,600 due to rising revenues and bullish technical chart pattern.

coindesk.com

Relevant topic timeline:

9/2/2023

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MKR Price Jumps 45% in a Month as Address Activity Picks Up, Though Still Far From All-Time High

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Bitcoin Rises Modestly While Aave, Toncoin and Maker Surge on Altcoin Rally

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Posted 9/20/2023, 4:39:00 PM