Aave

<p>The post <a href="https://coinpedia.org/crypto-live-news/trader-makes-292-4k-after-closing-mkr-short-position/" rel="noopener noreferrer nofollow">Trader Makes $292.4K After Closing MKR Short Position!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As per a latest tweet from lookonchain, A smart trader closed his $MKR short position and made $292.4K.&nbsp; Lookonchain monitoring showed that the smart money address recently closed its MKR short position, netting $292,400. On July 19, the address borrowed 500 MKR from Aave and sold it for $1.37 million USDC. Due to the price drop 16 hours ago, the trader bought back the MKR needed to pay off the debt for just $1.07 million USDC, making a significant profit.</p>

Trader Makes $292.4K After Closing MKR Short Position!

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