Ramazan Eles 
The recent decline in Bitcoin (BTC) and altcoins has caused fear among some investors, leading them to distance themselves from the market. However, other investors saw the dip as a buying opportunity and ramped up their purchases.
Among these investors, whales have shown significant interest in the Ethereum (ETH)-based Maker DAO (MKR), a favorite altcoin.
According to Lookonchain, whales have purchased MKR worth $5.63 million, resulting in a price increase for MKR.
One whale has been accumulating MKR since June 27, while another whale made a $2 million MKR purchase within the day.
“We recently noticed that two smart investors have been buying MKR!
0x3737 has bought 1,465 MKR (worth $3.63 million) at an average price of $2,476 since June 27.
This whale previously bought 1,884 MKR (worth $2.18 million) at $1,157 and sold it at $1,406, making approximately $468,000 in profit.
The whale also holds 3.58T PEPE (worth $30.87 million) and has over $30 million in profit from PEPE!
0xCf9b spent 2 million USDT to purchase 777 MKR at $2,587 nine hours ago.
This whale previously bought 1,575 MKR (worth $4.53 million) at $2,879 and sold it at $3,083, making approximately $321,000 in profit.”
MKR has seen an increase of over 7% in the last 24 hours, a rise attributed not only to whale activity but also to BlackRock. BlackRock is set to participate in MakerDAO’s Tokenized Treasury Investment Program, planning to invest $1 billion in tokenized U.S. Treasury bonds.