MKR

Maker Price Today & AI Analysis

MKREthereumAnalysis as of Jul 6, 2026

Price

$2,115.69

+3.67% 24h

Contract

Live
0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2

Chain

Ethereum

Holders

75.0K

Market cap

$185.73M

Liquidity

$195.86K

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Maker: holders, selling & liquidity

2026-07-06 09:15 UTC

Holder addresses

75,086

Top 10 supply share

Not available

Reported liquidity

$193,492.17
How concentrated is Maker ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 75,086 addresses (2026-07-06 09:15 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling Maker?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Maker liquidity falling?
As of 2026-07-06 09:15 UTC, reported liquidity was $193,492.17. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-07-06 09:15 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

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Movement since report

report from Jul 6, 2026, 09:15 AM UTC

Market Cap

$118.52M

24h Volume

$58.96K

Liquidity

$193.49K

FDV

—

Holders

75,086

24h

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AI Executive Summary

Risk

High

Sentiment

Neutral

SKY is the governance token of Sky (formerly MakerDAO), one of Ethereum's oldest and most battle-tested DeFi protocols, with a contract dating to November 2017 — making it approximately 103 months old. Despite its institutional pedigree, SKY currently trades at $0.05579 with a market cap of ~$118.5M, sitting at just 1% of its 87-day price range and showing only a marginal +0.7% gain over 30 days. Holder count has declined by 97 over the past 31 days, and on-chain activity is thin, with the largest recent trades being sub-$900 sells. The token's primary risk is its extreme concentration: nine of the top ten holders are individual whales whose positions were acquired via transfer or airdrop rather than open-market buys, creating a structural overhang that suppresses price recovery.

Figures cited above are from the market snapshot taken when this analysis ran — Jul 6, 2026, 09:15 AM UTC. Live values may differ; the key facts at the top of the page are current.

Key points

  • Legacy DeFi governance token from one of Ethereum's oldest protocols (103 months), providing deep institutional credibility and ecosystem integration
  • Extreme supply concentration with nine of the top ten holders classified as individual whales — positions acquired via transfer/airdrop, not market buys — creating an unusual and persistent sell-side risk profile
  • Token trades at 1% of its 87-day range high of $1.26, suggesting either a structural repricing event (e.g., token migration/rebasing from MKR to SKY) or catastrophic value destruction

Maker AI Price Analysis

Low Confidence

Short-Term · 24h-7d

Bullish

SKY has posted a +4.5% gain over the past 7 days, recovering from a low of $0.04860 and now trading near $0.05579. The 4-hour window shows mild selling pressure with zero buy transactions in the last hour, but the broader 7-day trend remains constructive. Immediate resistance at $0.05790 is the near-term test; a clean break would confirm continuation of the short-term recovery.

Medium-Term · 30d-90d

Bearish

The 30-day gain is a marginal +0.7%, and the 31-day holder trajectory shows a net decline of 97 holders — both signals of weak medium-term conviction. The token sits at just 1% of its 87-day range ($0.04860–$1.26), indicating it has shed the vast majority of its value from peak levels and has not recovered meaningfully. Without a structural catalyst to reverse the slow holder bleed and reignite volume, the medium-term path of least resistance remains sideways-to-down.

Bullish Factors

  • 7-day price performance of +4.5% represents a genuine short-term recovery from the $0.04860 swing low, with the token closing progressively higher over the last several daily candles
  • 24-hour buy volume of $34,334 exceeds sell volume of $24,624, producing a 58.2% buy pressure ratio that reflects net inflow on the day
  • SKY is the governance token of Sky (formerly MakerDAO), one of the most established DeFi protocols with over 400 integrated apps — fundamental legitimacy is not in question

Bearish Factors

  • The 31-day holder trajectory shows a net loss of 97 holders (75,183 → 75,086), a slow but consistent decline indicating retail disengagement
  • The token sits at just 1% of its 87-day price range ($0.04860–$1.26), meaning it has lost roughly 96% of its range-high value and has shown no meaningful recovery toward prior levels
  • Nine of the top ten holders are classified as individual whales, collectively holding well over 100% of supply (a data anomaly likely reflecting rebasing/migration mechanics), creating an extreme and unresolved sell-side overhang

Disclaimer: This AI-generated prediction is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research.

MKR call history

Full track record →

Jul 6bullish
24h+2333051.7%
7d+2476665.8%
30d+2337651.3%

Calls are recorded the moment the analysis is generated and scored automatically against the market price 24h, 7d and 30d later — hits and misses alike, never edited.

Token Info

Chain
Ethereum
Contract
0x9f8f...79a2
Total Supply
—
Decimals
—

Key Risks

  • Whale concentration dump risk: Nine individual whale wallets collectively control the vast majority of supply, all acquired via transfer/airdrop. A decision by any one of the top three (44%, 31%, or 26% holders) to sell even a fraction of their position would overwhelm the $193,492 in available liquidity and cause severe price dislocation.
  • Liquidity-market cap mismatch: The 0.16% liquidity-to-market-cap ratio means the $118.5M market cap is largely theoretical — it cannot be realized through on-chain sales without catastrophic price impact. This makes the market cap figure misleading as a measure of actual exit liquidity.
  • Declining holder base: The 31-day net loss of 97 holders, combined with near-zero retail supply ownership, suggests that SKY is failing to attract or retain new participants. If this trend continues, it will further reduce trading volume and liquidity over time.

Trading Insight

neutral

The 24-hour session shows a modest net-buy bias with 58.2% buy pressure and $9,710 net inflow, but the last 4 hours recorded zero buy transactions against 40 sell transactions from 17 unique sellers — a sharp short-term deterioration. This divergence between the daily aggregate and the recent hourly flow suggests the morning buying has stalled and sellers are currently in control of near-term price action.

AI-generated insight. Not financial advice.

Frequently Asked Questions

Trend Analysis

Short-Term (7d)

Bullish

Medium-Term (30d)

Neutral

The short-term trend is constructive: the 14 most recent daily closes show a recovery from $0.04916 to $0.05579, with the 7-day return at +4.5%. The medium-term picture is flat, however — the 30-day return is only +0.7%, and the token has been range-bound between $0.04860 and approximately $0.06 for the observable period. The $1.26 range high is a historical outlier that likely reflects the early post-migration price spike rather than a realistic near-term target.

Momentum

Status

Neutral

Daily volatility of 3.1% (standard deviation of daily returns) is moderate for a governance token of this market cap. The recent price sequence shows a trough at $0.04916 followed by a recovery to $0.05929 before settling back to $0.05579, suggesting momentum has partially faded from the recent peak. The absence of buy transactions in the last 4 hours reinforces a neutral-to-weakening momentum reading in the very near term.

Volume Analysis

Buy

58.2%

Sell

41.8%

Volume Trend

Stable

24-hour volume of ~$58,958 represents approximately 0.05% of market cap — extremely low turnover for a $118M asset. This thin trading activity is consistent with a governance token that is held rather than actively traded. The stable but low volume environment means that even modest buy or sell orders can move the price meaningfully, amplifying slippage risk.

Recent Price Action

The 14-day close sequence shows a clear V-shaped recovery: a decline from $0.05631 to a trough of $0.04916 over approximately 5 days, followed by a sharp bounce to $0.05929, and then a mild pullback to the current $0.05579. The token is now consolidating just below the $0.05790 immediate resistance.

The V-shaped recovery and consolidation below resistance is a constructive short-term pattern, but the failure to hold above $0.05929 and the subsequent pullback to $0.05579 suggests the recovery may be losing steam. A decisive close above $0.05790 would be technically significant; a break below $0.05494 would negate the short-term recovery thesis.

Key Price Levels

Immediate support

$0.05494

Major support

$0.04860

Immediate resistance

$0.05790

Major resistance

$1.26

The immediate support at $0.05494 is the first line of defense and sits ~1.5% below current price — a thin buffer given 3.1% daily volatility. Major support at $0.04860 represents the 87-day swing low and a critical floor. Immediate resistance at $0.05790 is the near-term hurdle; clearing it would open space toward the next meaningful level. The $1.26 major resistance is the 87-day range high and almost certainly reflects the post-migration price spike — it is not a realistic near-term target but marks the full historical recovery potential.

AI overall risk

High

Risk Score

72/100

Risk Breakdown

  • VolatilityMedium

    Daily return volatility of 3.1% is moderate — not extreme for a crypto asset, but meaningful for a governance token of a major protocol. The 87-day range of $0.04860 to $1.26 (a 25x spread) indicates that historical volatility has been severe, even if current daily moves are contained.

  • LiquidityHigh

    On-chain liquidity of $193,492 against a $118.5M market cap (0.16% ratio) is critically shallow. Large trades cannot be executed without severe price impact, and any whale exit would be severely constrained or would crash the price.

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Smart ContractNot assessed

    Contract or authority checks are not included in the saved provider observations.

  • RegulatoryMedium

    As a governance token for a DeFi protocol that issues a stablecoin (DAI), SKY sits at the intersection of two regulatory focus areas: governance tokens (potential securities classification) and stablecoin issuance (increasing global regulatory scrutiny). MakerDAO/Sky has historically engaged with regulators, but the risk of adverse regulatory action on DeFi governance tokens remains non-trivial.

Key Risks

  • Whale concentration dump risk: Nine individual whale wallets collectively control the vast majority of supply, all acquired via transfer/airdrop. A decision by any one of the top three (44%, 31%, or 26% holders) to sell even a fraction of their position would overwhelm the $193,492 in available liquidity and cause severe price dislocation.
  • Liquidity-market cap mismatch: The 0.16% liquidity-to-market-cap ratio means the $118.5M market cap is largely theoretical — it cannot be realized through on-chain sales without catastrophic price impact. This makes the market cap figure misleading as a measure of actual exit liquidity.
  • Declining holder base: The 31-day net loss of 97 holders, combined with near-zero retail supply ownership, suggests that SKY is failing to attract or retain new participants. If this trend continues, it will further reduce trading volume and liquidity over time.

Mitigating Factors

  • 103-month protocol history with no major exploits provides a strong baseline of technical credibility and reduces the probability of a sudden protocol failure
  • Fully circulating supply with no unlock schedule eliminates the risk of sudden vesting-related sell pressure from team or investor allocations

Investor Suitability

SKY may be suitable for DeFi-native investors with high risk tolerance who have a specific thesis on the Sky/MakerDAO governance ecosystem and understand the liquidity constraints. It is not suitable for investors seeking liquid, diversified crypto exposure or those who cannot tolerate the risk of severe price impact on exit. Position sizing should reflect the shallow liquidity environment.

SKY represents governance rights over one of DeFi's most established protocols, but trades at a fraction of its post-migration high with declining holder engagement, extreme whale concentration, and critically shallow liquidity. The investment thesis hinges on whether the Sky rebranding and governance framework can re-engage the DeFi community and drive meaningful demand for SKY as a governance instrument.

Scenario Analysis

Bull Case

Low probability

The Sky protocol successfully differentiates SKY from legacy MKR, drives renewed governance participation, and the broader DeFi market recovery attracts new holders. The 7-day +4.5% recovery extends, the token breaks above $0.05790 resistance, and improved liquidity depth reduces slippage risk. In this scenario, SKY could recover toward the $0.10–$0.15 range as governance utility is re-established.

  • Successful Sky ecosystem expansion with new DAI integrations driving demand for SKY governance participation
  • Broader DeFi market recovery that lifts governance tokens across the sector

Base Case

SKY continues to trade in a narrow range between $0.04860 and $0.05790, with thin volume and slow holder decline. The protocol remains operational and DAI continues to function, but SKY as a governance token sees limited speculative interest. Price drifts sideways-to-slightly-lower over the next 30–90 days absent a major catalyst.

  • Top whale wallets remain inactive (no large on-chain sells) given their transfer/airdrop acquisition basis and lack of prior DEX activity
  • No major DeFi catalyst or adverse regulatory event materially changes the demand environment for governance tokens

Bear Case

Medium probability

One or more of the top whale wallets — particularly the newly active 0x04b688… (26.70%, first active June 2025) — begins distributing supply into the thin $193,492 liquidity pool. The resulting price decline accelerates the holder exodus, volume dries up further, and SKY re-tests the $0.04860 major support before potentially breaking lower. The governance token narrative fails to attract retail interest in a market that has moved on from the MakerDAO brand.

  • Whale distribution into shallow liquidity causing cascading price decline
  • Continued retail holder attrition as the Sky rebranding fails to generate community momentum

Analysis Details

Generated

Jul 6, 2026, 09:15 AM UTC

Saved observation

2026-07-06 09:15 UTC

Model Confidence

Low

Data Snapshot

Price

$0.055786837027101972

Market Cap

$118.52M

24h Volume

$59.0K

Holders

75,086

Liquidity

$193,492.17

Data Sources

On-chain transaction data (Uniswap v3 swap history)Holder distribution analytics (Moralis holder tier classification)Daily OHLC price history (87-day window)Whale wallet forensics (DEX swap lookup, first-active date)Smart money realized PnL trackingSmart contract security scoringToken fundamentals and project metadata

Limitations

  • The 'dumpable supply' figure of 205.1% is anomalous and likely reflects a data pipeline artifact (e.g., double-counting due to token migration mechanics) — it cannot be taken literally and introduces uncertainty into concentration risk quantification
  • 90-day price return is unavailable, limiting the ability to assess the full medium-term trend with confidence
  • The identical smart-money PnL figures across six wallets (+$2,057, +1%, 24 trades each) are statistically anomalous and may reflect a data normalization issue rather than real independent trading activity
  • The $1.26 range high likely reflects a post-migration price spike rather than organic price discovery, making it an unreliable resistance reference for forward-looking analysis

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a financial advisor before making investment decisions.

Questions about MKR?