Kraken or Just Kayaking? MKR Whales Dive into SKY and Splash Big Bucks! 🚀💸

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Kraken or Just Kayaking? MKR Whales Dive into SKY and Splash Big Bucks! 🚀💸

  • MKR kept the party going in June with an 18% boost, all thanks to SKY staking making it rain. 🌧️
  • The MKR-SKY switch was only 43% complete—like only halfway through your diet—but staking sped things up faster than your mom’s Wi-Fi. 📶

On June 2nd, MKR shot up 8% faster than your aunt’s bad jokes, as whales flopped in, seeking double-digit yields — because who doesn’t love a good whale-y payday? 🐋💰

LookOnChain reports two whales nabbed 3,114 MKR, worth roughly $5.4 million (big spender alert!), then proudly upgraded and staked like they’re prepping for a crypto Summer Olympics. 🥇

By the way, the DeFi protocol formerly known as Maker decided to rename itself Sky last September—because who doesn’t love a good glow-up? ✨

And get this: SKY will eventually replace MKR as the main governance token, at a rate of 1 MKR to 24,000 SKY — so basically, MKR is becoming the new YOLO (You Only Log Once). 🎯

Oh, and their new ultra-stable USDS coin will now replace DAI 1:1—because stability is the new black. 🖤

SKY staking fever turns MKR into a crypto Rager! 🎉

The moment SKY staking launched, rewards spiked to a dazzling 38%, then settled snugly at 17%. Because who doesn’t love a rollercoaster? 🎢

Over 40K MKR (that’s +$72 million, just casually chilling) was upgraded and staked on June 2nd—talk about making it rain harder than a broke college student at a lemonade stand. 🍋💸

But only 43% of MKR’s 530K tokens have transferred, so honestly, there’s still room for this thing to go higher—be prepared for more moonshots! 🌕🚀

The sky-high frenzy doubled the Sky ecosystem’s TVL from 2.89 billion SKY to 7.11 billion SKY—basically, they’re stacking more than your annoying little sibling with Pokémon cards. 😉

Meanwhile, SKY token went on a wild ride—up +50% from $0.07 to $0.10—then got a little shy and pulled back. Typical crypto behavior, right? 🤷‍♀️

MKR didn’t want to be left out, pumping 8% Monday, then another 4%. So far in June, MKR has rallied 18%, flirting with $1,800 like it’s trying to impress a date. 💃

Looking at the RSI, MKR’s got more room to grow—so maybe we’re headed to the $2,000 psych level, or at least a really expensive latte. ☕️💵

Interestingly, MKR has been quietly moving assets off exchanges since late May—classic sign of smart money accumulating, like hiding your snacks before your roommate finds them. 🍪

Now that SKY staking is hot stuff, whales will continue to hoard MKR, upgrade to SKY, and chase those juicy staking rewards. If Monday’s pump was just the warm-up, expect MKR to continue its upward dance—investors, grab your popcorn! 🍿📈

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2025-06-03 19:09