Maker Coin (MKR) has been involved in various newsworthy events of late.
DWF Labs made news by unveiling a $20 Million Meme Fund. OpenAI hired its first CMO, which could impact the cryptocurrency world. There are rumors that
Wintermute could become the market maker for
ACT Meme Coin. Despite market headwinds,
Maker Coin's price is set for a 20% rally.
Sky, formerly Maker, has launched the
USDS stablecoin on the
Solana platform.On the downside, Maker Coin saw whales offload their assets as its price struggled. Further, its lending protocol has been rebranded to Sky ahead of USDS' launch. This rebranding was met with resistance as whale voters squashed plans to change DeFi protocol Sky back to Maker. The coin has faced short-term pressure and its recovery is still in question. Additionally, there were unconfirmed rumors that the maker of the
Chill Guy meme threatened take-downs after doxxing.
The broader crypto market situation may also impact Maker Coin. Notably, market makers are under scrutiny for potential manipulation and fraud, with major crypto market maker
Cumberland DRW being sued by the SEC. Meanwhile, the
FBI created a coin to investigate crypto pump-and-dump schemes, potentially causing market volatility. Amid this,
Grayscale has introduced an investment fund for MakerDAO's MKR, indicating that institutional interest in the coin remains high despite the challenges.
Maker Coin News Analytics from Wed, 13 Mar 2024 07:00:00 GMT to Tue, 03 Dec 2024 19:26:54 GMT -
Rating 0
- Innovation 7
- Information 6
- Rumor -1
