While many investors are busy looking at crypto-assets like coins or tokens, we also need to keep an eye on DAOs. In particular, MakerDAO \u2013 the project behind MKR tokens and DAI \u2013 has been seeing some intriguing activity of late.<\/p>\n
Try to MAKER do with things<\/h4>\n
At press time, MKR was trading at\u00a0$1,797.27<\/a>, having fallen by 1.27% in the last 24 hours.<\/p>\n However, the metrics reveal something interesting. Despite the price still falling, weighted sentiment shot out of the negative territory and sky-rocketed to a euphoric high of 7.372. While this looks like a positive sign, it\u2019s important to keep in mind that sharp downtrends can sometimes follow such tremendous highs.<\/p>\n Source: Santiment<\/a><\/p>\n<\/div>\n Coming to the network itself, when looking at active addresses and development activity together, we notice an interesting trend. Sharp dips in development activity between September 2021 and March 2022 largely coincided with a sudden rise in the number of active addresses.<\/p>\n Now, with development activity on the uptrend again, active addresses are not just rising, but also stabilizing.<\/p>\n Source: Santiment<\/a><\/p>\n<\/div>\n MKR\u2019s press time price is a long way from its $6,000 highs around the time of the May 2021 crash. In fact, MKR\u2019s price has been in a freefall since late 2021. Santiment insights noted<\/a>,<\/p>\n \u201cBack in OCT 2021, market participants saw that price probably bottomed and begun taking on debt and with rising prices, they grew even more confident, creating more debt and pushing prices even further.\u00a0Until debt creation plateaued. No new money is coming in to prop up the price\u2026and down we went.\u201d<\/p>\n<\/blockquote>\n With Ether has also been on a downtrend, this had the effect of impacting MKR investors and many others who are invested in altcoins. Santiment Insights explained<\/a>,<\/p>\n \u201cIn fact, the highest debt cluster spike was seen at the top on Nov 9th 2021 and since then, no higher debt cluster was seen. The big boys and retail are not taking any further debt at all.\u201d<\/p>\n<\/blockquote>\n With the top cryptos again in the red at press time, it remains to be seen whether more debt clusters will form.<\/p>\n AML analytics platform Coinfirm looked at the ERC-20 tokens that had been donated to support Ukraine\u2019s resistance against Russia. Out of the $9 million in crypto sent to the country\u2019s government as of 4 March, USDT was the top choice.<\/p>\n However, the second most popular token was DAI.<\/p>\n The government of #Ukraine<\/a> has received $ 9M of support through over 200 different #ERC20<\/a> tokenshttps:\/\/t.co\/1aAml8KPc3<\/a> pic.twitter.com\/7Lkr9Gh0ym<\/a><\/p>\n \u2014 Coinfirm (@Coinfirm_io) March 4, 2022<\/a><\/p>\n<\/blockquote><\/div>\n![\"\"](\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2022\/03\/06144703\/Screen-Shot-2022-03-06-at-14.37.36.png\")
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<\/a><\/p>\nCall time of debt<\/h4>\n
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Maker out a check to Ukraine<\/h4>\n
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