Anchorage Digital, a prominent crypto bank, has recently made headlines for its significant accumulation of a decentralized finance (DeFi) altcoin. According to blockchain tracking firm Lookonchain, Anchorage Digital has utilized 13 wallets over the past month to amass over $49.4 million worth of MKR, the native token for the DeFi protocol Maker.
The most recent purchases took place on Monday, as Anchorage Digital created two new wallets to acquire $6.28 million worth of MKR from Binance, as reported by Lookonchain. Currently, MKR is trading at $2,816, showing a 1.4% decrease in the last 24 hours.
In addition to Anchorage Digital’s activity, Lookonchain also observed a savvy investor who made a substantial profit of $3 million by purchasing a large amount of Bitcoin (BTC) during last week’s market correction. This investor took advantage of the dip in the market, when Bitcoin dropped to the high $50,000 range. The investor deposited 767 BTC ($48.46 million) to Binance on May 6th and later withdrew the same amount, valued at $45.44 million, at a rate of $59,226 BTC from Coinbase on May 3rd.
Bitcoin is currently trading at $62,395, showing a 1.6% decrease in the last 24 hours.
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