MKR is yet to recover after having suffered significant "Black Thursday" losses as the market fell to new lows. At press time, the token was down by more than 22% since its 2020 high of $708.
As per CoinMarketCap ranking, Maker [MKR] is the world's 26th largest coin by market cap. In its short lifespan, one of the most crucial developments for Maker Dao's token has been its Coinbase Pro listing. The exchange had announced it will start accepting MKR deposits from users on Monday, 8th June, while trading is scheduled to begin the following day once sufficient liquidity is established on the platform. Shortly after the initial announcement in May, MKR exploded with several reports claiming this was triggered by Coinbase Effect.
