2831 MKR Tokens Moved to Binance Amid Rebranding

Two unidentified addresses have deposited 2,831 MKR tokens into Binance, generating an unrealized gain of $1.58 million. This activity occurs amidst MakerDAO’s planned token transition from MKR to the rebranded SKY.

The event is significant as it anticipates a major token rebranding within MakerDAO, affecting liquidity and investor positioning.

The deposit of 2,831 MKR tokens into Binance comes ahead of the scheduled rebranding of MKR to SKY by MakerDAO. The involved addresses have not been disclosed. Neither MakerDAO nor Binance executives have commented.

“At 2025-09-15 03:30 (UTC), deposits and withdrawals of MKR tokens will be suspended. Users should ensure they leave sufficient time for their deposits to be fully processed prior to this time. Deposits for SKY tokens will open at 2025-09-17 07:00 (UTC), and trading will commence at 08:00 (UTC) with multiple new pairs including SKY/BTC and SKY/USDT.” — Binance Official Announcement, source

Binance announced halting MKR trading pairs by September 15, 2025, coinciding with the token swap. MKR holders potentially seek to leverage volatility for gains amid these shifts. Trading pairs for SKY will be available following MKR’s delisting.

The immediate effect of this activity includes potential fluctuations in MKR and SKY prices due to anticipated liquidity changes. This follows trends seen in previous token swaps, such as LEND to AAVE.

The transition may impact markets by altering liquidity flows. Regulatory bodies have not commented on this occurrence, but trading strategies are advised to adjust accordingly. Stakeholders may expect further disruptions as SKY trading begins.

Historical data on similar swaps indicates temporary liquidity volatility. Investors and institutions might realign strategies considering the new token dynamics. Such shifts could ripple across broader DeFi landscapes linked with MakerDAO’s ecosystem.