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In August 2023, Maker (MKR) recorded significant whale activity which slowed its bullish momentum. On the other hand, Optimism (OP) notes exploits on its ecosystem, but the token remains bullish. However, shareholders only trust VC Spectra (SPCT) to deliver reliable ROI in Q3 2023. The platform raised $2.4 million in a private seed sale before pre-selling. Find out why so many are choosing VC Spectra (SPCT) in 2023.
Whale Maker (MKR) Takes Profits
Recently, Maker whale (MKR) transferred 1,736 Maker (MKR) tokens worth $1.89 million from a crypto wallet to Binance. According to data from SpotOnChain, this same crypto wallet purchased 3,334 Maker (MKR) tokens in July, selling for around $1,000 each. Whales liquidated their Maker (MKR) tokens on DEX and Binance at an average of $1.135 per token. This acquisition move resulted in an estimated profit of $357,000.
Due to the actions of these whales and the current bearish crypto market, Maker (MKR) crashed in the third week of August 2023. Maker (MKR) was trading at $1,126 on August 16. A week later, Maker (MKR) lost 4.4%, trading at $1,078. The downtrend continued, with Maker (MKR) reaching $1,026 on August 28.
On the plus side, Maker (MKR) recorded a significant price spike in Q3 2023 due to the Smart Burn Engine Program, and analysts believe the token will surge when the bull cycle returns.
Optimism (OP) Takes Note of Ecosystem Hacking
Exactly (EXA), a decentralized credit market protocol built on Optimism (OP), recently fell victim to a coordinated cyberattack. The attackers bridged ETH tokens using the Across protocol and the Optimism (OP) bridge, according to the De.Fi security team, these hackers stole $7.2 million worth of ETH from the Optimism (OP) based platform. Precisely (EXA) has temporarily killed the protocol; however, users can still withdraw assets.
While cryptocurrencies fell in August due to the general market crash, Optimism (OP) surged due to a steady increase in Total Value Locked (TVL). On August 16, 2023, Optimism (OP) was trading at $1.3849. Optimism (OP) jumped 13.37% in seven days, and Optimism (OP) traded at $1.5742 on Aug. 23.
However, Optimism (OP) lost most of its gains, dropping to $1.4175 on August 28, a loss of 9.95% in less than a week. However, analysts say Optimism (OP) is strong enough to weather the crypto market storm, and the token will remain bullish in Q3 2O23.
VC Spectra (SPCT) Soared 127.27%, Entered the Third Presale Stage
VC Spectra (SPCT) is a decentralized trading and asset management platform built to drive innovation and development in the blockchain industry through strategic acquisitions. As a decentralized hedge fund, VC Spectra (SPCT) has a team of blockchain experts and venture capitalists who analyze and select the best Web3 projects. VC Spectra (SPCT) engages in these high potential projects at an early stage to gain maximum benefits.
Additionally, VC Spectra (SPCT) holders earn quarterly rewards. VC Spectra (SPCT) is in its third presale stage, and the token is selling for $0.025. As VC Spectra (SPCT) enters its fourth presale stage, the token will surge 32% and sell for $0.033.
At the end of the pre-sale stage, VC Spectra (SPCT) will be listed on major crypto exchanges and trade at $0.08. VC Spectra (SPCT) holders will see their token value spike by 220%!
Learn more about VC Spectra (SPCT) pre-sales here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a sponsored article, and the views contained in it do not represent, and should not be attributed to, ZyCrypto. Readers should conduct independent research before taking any action regarding any company, product or crypto project mentioned in this article; This article should also not be considered investment advice.
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