Cryptocurrency

Maker up 74% over past 30 days

Zegex

Ethereum (ETH)-based MakerDAO’s native coin MKR is up 74% over the past 30 days and is currently trading at $1,059, according to CryptoSlate data.

However, MKR has been on a downward trend since the beginning of the year and was worth around $2,680. As of Oct. 20, prices are down nearly 60% since he was in January.

MKRUSD
MKRUSD

Nonetheless, the number of active addresses holding MKR and the number of addresses with non-zero balances is increasing, with more and more MKR coins leaving exchanges from early 2021. – MKR investor holding trends.

wallet

The number of active wallets is significantly lower than in early 2021, but the number of wallets with non-zero balances is gradually increasing.

Address with non-zero balance

The number of wallet addresses with non-zero balances has dropped sharply in the first five months of 2021. The rate of increase slowed in May 2021, but continued its upward trend through October.

The number of wallet addresses with non-zero balances will rise slightly above 50,000 in early 2021. In the first five months of the year, this number he has increased by 40%, to just over 70,000 in May 2021.

As of October 20th, there are approximately 90,000 wallets with non-zero balances. This represents an 80% increase from January 2021 figures. This graph shows that more and more wallets are getting his MKR from 2021 onwards.

active wallet

The number of active wallet addresses is shown in the chart below. There are now nearly 400 active addresses, compared to 4,000 recorded at the beginning of 2021.

Number of valid addresses for MKR
Number of valid addresses for MKR

This number nearly doubled at about 800,000 at the beginning of 2021, fell below 400,000 at the beginning of 2022, and has remained at about the same level to date.

Given the surge in the number of addresses with non-zero balances, the decline in the number of active addresses suggests that investors have been dormant since early 2021.

MKR held on exchanges

Additionally, MKR tokens have been off exchanges since the beginning of the year, completing the chart of buy and hold trends for MKR investors.

coins leaving the exchange

The chart above shows MKR balances across all exchanges from early 2021. The MKR token has been off the exchange for his two years, except for a brief period in May and November of 2021 and 2022 when the exchange accumulated.

All things considered, we can say that from the beginning of 2021, more and more MKR investors are buying and holding tokens. crypto slate research.

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