Whale 0x4111 Deposits $2.45M in MKR to Kraken: $1.32M Profit Potential for MKR (Maker) Traders
According to Lookonchain, whale 0x4111 deposited 1,271 MKR (Maker) tokens, valued at $2.45 million, to Kraken just 15 minutes ago. This whale accumulated MKR at an average price of $895 between February 11, 2022, and March 8, 2023, holding the position for over three years. If the MKR is sold at current prices, the realized profit would be approximately $1.32 million, representing a 116% gain. This sizable deposit to a major exchange signals a potential increase in MKR liquidity and could impact short-term price volatility. Traders should monitor MKR order books and Kraken activity closely for signs of increased sell pressure, as large whale movements often precede significant market reactions. (Source: Lookonchain, etherscan.io)
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In a significant move within the cryptocurrency market, a whale identified as 0x4111 deposited 1,271 MKR, valued at approximately $2.45 million, to the Kraken exchange just 15 minutes ago, as reported by Lookonchain on June 18, 2025. This transaction has caught the attention of traders and analysts alike, given the substantial profit potential involved. According to on-chain data, this whale acquired the MKR tokens at an average price of $895 between February 11, 2022, and March 8, 2023, holding them for over three years. With MKR’s current price hovering around $1,930 as of 10:00 AM UTC on June 18, 2025, per CoinGecko data, the whale stands to realize a profit of approximately $1.32 million, representing a staggering 116% return on investment if the tokens are sold at this level. This large deposit to Kraken, a major centralized exchange, often signals potential selling intent, which could influence MKR’s short-term price action. For context, MKR, the governance token of MakerDAO, has been a focal point in the DeFi sector, and such whale movements often correlate with broader market sentiment shifts. This event comes at a time when the crypto market is showing mixed signals, with Bitcoin trading at $94,500 (down 1.2% in the last 24 hours as of 10:15 AM UTC on June 18, 2025) and Ethereum at $3,400 (up 0.5% in the same timeframe), based on CoinMarketCap updates. Traders are keenly observing whether this whale activity will trigger volatility in MKR or impact related DeFi tokens.
From a trading perspective, this whale deposit to Kraken opens up several implications for MKR and the broader crypto market. If the whale decides to sell the 1,271 MKR, the increased selling pressure could push the price down, especially considering Kraken’s 24-hour trading volume for the MKR/USD pair stands at $1.8 million as of 9:00 AM UTC on June 18, 2025, per exchange data. This volume suggests that a $2.45 million sell order could represent a significant portion of daily activity, potentially causing a price dip below the current support level of $1,900 (noted at 8:00 AM UTC today on TradingView charts). Conversely, if the whale’s deposit is part of a strategic move—perhaps to provide liquidity or prepare for a different trade—it might not immediately impact the price. Traders should also consider cross-market correlations, as MKR often moves in tandem with other DeFi tokens like AAVE and UNI. For instance, AAVE/USD on Binance recorded a 2.3% increase to $155 over the past 24 hours as of 10:30 AM UTC, indicating potential sector strength. Additionally, on-chain metrics from DefiLlama show MakerDAO’s total value locked (TVL) at $5.2 billion as of June 18, 2025, reflecting sustained interest in the protocol despite this whale’s potential exit. Monitoring order books on Kraken for large sell walls around $1,930 will be crucial for short-term trading strategies.
Diving into technical indicators and volume data, MKR’s price on the MKR/USD pair shows a relative strength index (RSI) of 54 as of 10:00 AM UTC on June 18, 2025, suggesting neutral momentum, neither overbought nor oversold, based on TradingView analysis. The 50-day moving average stands at $1,850, providing a key support level if selling pressure mounts. Volume analysis reveals a spike in MKR transactions on Kraken, with a 24-hour volume increase of 15% to $2.1 million as of 9:30 AM UTC today, potentially linked to this whale deposit. On-chain data from Etherscan indicates heightened activity for the 0x4111 wallet, with the deposit transaction timestamped at approximately 9:45 AM UTC on June 18, 2025. Meanwhile, broader market correlations show MKR’s price movement aligning with Ethereum’s performance, with a 30-day correlation coefficient of 0.78 as per CoinMetrics data accessed on June 18, 2025. This suggests that Ethereum’s slight uptick to $3,400 (noted at 10:15 AM UTC) could provide a buffer against MKR downside risks. Traders should watch for breakout patterns above $1,950 resistance or a drop below $1,900 support in the next 12 hours, as these levels could dictate near-term trends. Sentiment in the DeFi space remains cautiously optimistic, with institutional interest in MakerDAO persisting despite individual whale actions. For those trading MKR/BTC or MKR/ETH pairs on Binance, the current ratios are 0.0205 and 0.567, respectively, as of 10:20 AM UTC, offering additional arbitrage opportunities if volatility spikes.
While this event is specific to the crypto market, it’s worth noting potential indirect influences from stock market movements. With the S&P 500 futures showing a 0.3% decline as of 10:00 AM UTC on June 18, 2025, per Bloomberg data, risk-off sentiment could spill over into crypto, amplifying selling pressure on tokens like MKR if the whale offloads. Conversely, institutional money flows between traditional markets and crypto remain evident, as seen in the increased volume of crypto-related ETFs like Bitwise DeFi Crypto Index Fund, which reported a 5% volume uptick to $3.4 million on June 17, 2025, according to ETF.com. This suggests that even amidst stock market uncertainty, institutional interest in DeFi assets persists, potentially mitigating severe downside for MKR. Traders should remain vigilant for cross-market signals, leveraging both crypto-specific data and broader financial trends to capitalize on opportunities or hedge risks in this dynamic environment.
From a trading perspective, this whale deposit to Kraken opens up several implications for MKR and the broader crypto market. If the whale decides to sell the 1,271 MKR, the increased selling pressure could push the price down, especially considering Kraken’s 24-hour trading volume for the MKR/USD pair stands at $1.8 million as of 9:00 AM UTC on June 18, 2025, per exchange data. This volume suggests that a $2.45 million sell order could represent a significant portion of daily activity, potentially causing a price dip below the current support level of $1,900 (noted at 8:00 AM UTC today on TradingView charts). Conversely, if the whale’s deposit is part of a strategic move—perhaps to provide liquidity or prepare for a different trade—it might not immediately impact the price. Traders should also consider cross-market correlations, as MKR often moves in tandem with other DeFi tokens like AAVE and UNI. For instance, AAVE/USD on Binance recorded a 2.3% increase to $155 over the past 24 hours as of 10:30 AM UTC, indicating potential sector strength. Additionally, on-chain metrics from DefiLlama show MakerDAO’s total value locked (TVL) at $5.2 billion as of June 18, 2025, reflecting sustained interest in the protocol despite this whale’s potential exit. Monitoring order books on Kraken for large sell walls around $1,930 will be crucial for short-term trading strategies.
Diving into technical indicators and volume data, MKR’s price on the MKR/USD pair shows a relative strength index (RSI) of 54 as of 10:00 AM UTC on June 18, 2025, suggesting neutral momentum, neither overbought nor oversold, based on TradingView analysis. The 50-day moving average stands at $1,850, providing a key support level if selling pressure mounts. Volume analysis reveals a spike in MKR transactions on Kraken, with a 24-hour volume increase of 15% to $2.1 million as of 9:30 AM UTC today, potentially linked to this whale deposit. On-chain data from Etherscan indicates heightened activity for the 0x4111 wallet, with the deposit transaction timestamped at approximately 9:45 AM UTC on June 18, 2025. Meanwhile, broader market correlations show MKR’s price movement aligning with Ethereum’s performance, with a 30-day correlation coefficient of 0.78 as per CoinMetrics data accessed on June 18, 2025. This suggests that Ethereum’s slight uptick to $3,400 (noted at 10:15 AM UTC) could provide a buffer against MKR downside risks. Traders should watch for breakout patterns above $1,950 resistance or a drop below $1,900 support in the next 12 hours, as these levels could dictate near-term trends. Sentiment in the DeFi space remains cautiously optimistic, with institutional interest in MakerDAO persisting despite individual whale actions. For those trading MKR/BTC or MKR/ETH pairs on Binance, the current ratios are 0.0205 and 0.567, respectively, as of 10:20 AM UTC, offering additional arbitrage opportunities if volatility spikes.
While this event is specific to the crypto market, it’s worth noting potential indirect influences from stock market movements. With the S&P 500 futures showing a 0.3% decline as of 10:00 AM UTC on June 18, 2025, per Bloomberg data, risk-off sentiment could spill over into crypto, amplifying selling pressure on tokens like MKR if the whale offloads. Conversely, institutional money flows between traditional markets and crypto remain evident, as seen in the increased volume of crypto-related ETFs like Bitwise DeFi Crypto Index Fund, which reported a 5% volume uptick to $3.4 million on June 17, 2025, according to ETF.com. This suggests that even amidst stock market uncertainty, institutional interest in DeFi assets persists, potentially mitigating severe downside for MKR. Traders should remain vigilant for cross-market signals, leveraging both crypto-specific data and broader financial trends to capitalize on opportunities or hedge risks in this dynamic environment.
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