MKR: Will whales ‘Make’ it out of the bear market?

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Whales are showing increasing interest in MKR tokens, defying the bearish sentiment. Will this cause a rise in the token's price?

MakerDAO explored integration with zkSync to expand its ecosystem and increase demand for sDAI.was an outlier, showing signs of growth. This growth was particularly evident in the rising interest of whales in the MKR token.

However, there are also potential negative implications, such as the concentration of a significant amount of MKR in the hands of a few entities, which could lead to centralization concerns. The reduction in network activity may be attributed to overall market sentiment or the emergence of new competitive protocols and tokens.

 

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