Maker (MKR) witnessed a significant increase in activity during the first week of the year, CryptoPotato reported. The crypto asset climbed to $2,140, ​​its highest level since April 2022. MKR is up over 50% on a monthly basis due to price action. This impressive rise appears to be related to large wallet addresses accumulating MKR. Recent data from Lookonchain shows that large wallet addresses were actively accumulating MKR tokens in January 2024. A total of 10 wallets were found to have collectively purchased 32,759 MKR tokens, worth approximately $66.66 million. This acquisition represents 3.55% of MKR’s circulating supply and, interestingly, was achieved by withdrawing these tokens directly from the exchange. The latest MKR withdrawal activity recorded on January 15 involved one user withdrawing 12,103 MKR worth $24.63 million from the exchange. The massive accumulation signals a shift in investor sentiment, with these investors expressing confidence in MKR's price action. Additionally, a decrease in the supply of tokens on crypto exchanges often leads to an increase in demand. Additionally, on January 9, the total number of MKR holders reached an all-time high of 98,875. Despite the slight decline, total holders still exceed 98,800, according to data compiled by CryptEye. Meanwhile, MKR’s price has experienced a slight correction at the micro level and is currently trading near $2,048.