Maker (MKR) Price Update: Market Cap $1.22B, Weekly Dip Highlights DeFi Volatility

Maker (MKR) rises 1.3% as of Feb 1, market cap $1.22B. Weekly decline -7.9% and $172.38K traded—what this means for MKR investors and the DeFi market.

Maker (MKR) saw a modest uptick of 1.3% against the U.S. dollar during the 24‑hour period ending at 13:00 ET on February 1. The short-term gain offers a break in a recent downtrend, but investors should weigh this against broader weekly performance and market signals before drawing conclusions about momentum.

Over the last week Maker has traded down 7.9% against the dollar, reflecting continued volatility in DeFi tokens and governance assets. MKR’s moves often mirror sentiment across the Ethereum ecosystem and activity around the MakerDAO protocol, which governs the DAI stablecoin. Week-over-week declines can be driven by profit-taking, shifts in risk appetite, or liquidity changes on exchanges.

Maker maintains a total market capitalization of approximately $1.22 billion, placing it among the larger DeFi governance tokens by market value. Market cap remains a key metric for gauging relative size and investor confidence in MKR, but it should be interpreted alongside circulating supply, developer activity, and protocol health.

Trading volume during the recent 24‑hour window was relatively light, with $172.38 thousand worth of MKR changing hands on exchanges during that period. Lower trading volume can amplify price swings and suggests that a small number of trades may influence short-term price direction. For traders, pairing volume analysis with order-book depth helps assess how resilient a move might be.

What should MKR holders and prospective buyers watch next? Monitor on-chain metrics for MakerDAO, governance proposals that could affect MKR utility, and broader DeFi headlines. Ethereum network conditions and macro crypto trends also play a role in MKR’s price trajectory. Combining technical indicators with fundamental updates will give a clearer picture of potential upside or downside.

Bottom line: Maker’s modest 24‑hour gain against a weekly decline highlights the token’s sensitivity to DeFi market dynamics. Keep an eye on trading volume, protocol governance news, and Ethereum developments to better understand where MKR might head in the coming days. Always consider risk management and do your own research before making investment decisions.

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