According to Lookonchain, two newly created wallets withdrew a total of 1,502 MKR tokens (valued at $2.67 million) from Binance eight hours ago and subsequently staked the funds. This on-chain activity, confirmed by intel.arkm.com, signals a significant accumulation and long-term holding intent by new market participants. For traders, this large-scale staking reduces MKR’s circulating supply on exchanges, which may tighten liquidity and potentially lead to upward price pressure if demand persists. Monitoring MKR’s on-chain movements and staking trends is recommended for those seeking trading opportunities or anticipating volatility in the DeFi token market. (Source: Lookonchain, intel.arkm.com, June 5, 2025)