Institutional investment firm BlockTower has made more than half a million dollars thanks to its investments in Maker (MKR).
According to data from Blockchain analysis platform Spot On Chain, BlockTower Capital traded Coinbase and FalconX on average during the night. 3,333 MKR ($5.06 million) at a price of $1,517 sent.
According to past activity, BlockTower will be available from decentralized exchanges, Galaxy Digital’s over-the-counter platform, and exchanges such as Coinbase, Kraken, FTX, between February 12 and November 14, 2022. Average price of $1,336 over 12,485 MKR ($16.7 million) collected.
Still in the company’s wallets 9,746 MKR worth $14.9 million is available. In total $2.35 million kThe company that is estimated to be in profit is $605,000 of it carried out.
MKR reached its highest level after May 2022, reaching $1,651 in October. According to CoinGecko data, MKR is trading at $1,490.