The world of decentralized finance (DeFi) continues to evolve, with Maker (MKR) standing as one of the most influential governance tokens powering one of the earliest and most resilient protocols—MakerDAO. Understanding the historical price movements of MKR is essential for traders, investors, and developers seeking insights into market behavior, volatility patterns, and long-term value trends.
This comprehensive guide dives deep into Maker’s historical price data, offering clarity on its market performance from mid-2024 to mid-2025. We analyze key metrics such as opening, closing, high, and low prices, alongside trading volume trends, to uncover actionable insights for technical and fundamental analysis.
Maker (MKR) Price Overview: July 2024 – July 2025
Between July 4, 2024, and July 4, 2025, MKR demonstrated notable volatility, reflecting broader macroeconomic shifts and DeFi market sentiment. The token experienced sharp rallies, significant corrections, and periods of consolidation—typical of a mature yet highly responsive crypto asset.
During this period:
- Highest recorded price: $2,286.22 (June 16, 2025)
- Lowest recorded price: $1,643.92 (June 22, 2025)
- Average trading volume: ~$75 million per day
- Most volatile day: June 13, 2025, with a swing of over $366 and volume exceeding $153 million
These fluctuations highlight MKR’s sensitivity to market news, Ethereum ecosystem developments, and changes in stablecoin demand—particularly DAI, the USD-pegged stablecoin governed by MakerDAO.
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Key Market Movements in Q2 2025
Early June Surge: Institutional Interest Rises
In early June 2025, MKR began an upward trajectory from around $1,700, driven by:
- Increased adoption of DAI in emerging markets
- Regulatory clarity on DeFi governance tokens in key jurisdictions
- Integration of Maker vaults into major lending platforms
By June 10, MKR surged past $2,143 after a single-day gain of nearly 9.5%, fueled by high trading volume ($155.75M)—indicating strong institutional participation.
Mid-June Volatility: Bulls vs. Bears
The period between June 13–17 was marked by extreme volatility:
- On June 13, MKR spiked to $2,161 but closed slightly lower at $2,157.
- A sharp correction followed on June 16, where the price dropped nearly 10% to $2,030 despite hitting an intraday high of $2,286.
- This "wicked" candlestick pattern suggests profit-taking after a rapid rally.
Market analysts attributed the pullback to leveraged long liquidations and temporary bearish sentiment amid broader crypto market uncertainty.
Late June Consolidation
From June 18–30, MKR traded in a tighter range between $1,830 and $2,033. Trading volumes gradually declined, signaling a phase of consolidation before the next directional move.
On June 30, MKR closed at $1,941—down from its peak but still well above its June low—indicating underlying strength in buyer support.
Early July Rebound Attempt
As July began, MKR showed renewed momentum:
- On July 2, it reached a new cycle high of **$2,005**, briefly breaking above $2,000.
- However, it failed to sustain gains and closed at $1,980 on July 2 and $1,938 on July 3.
This suggests resistance near the $2,050–$2,100 zone remains strong—a critical level to watch in upcoming sessions.
Analyzing MKR Candlestick Patterns
Candlestick charts are vital for understanding investor psychology and predicting future movements. Let's examine some recurring patterns in MKR’s chart during this period:
Bullish Engulfing Pattern – June 9–10
After a multi-day downtrend that bottomed near $1,732 on June 7–8, MKR formed a bullish engulfing candle on **June 9**, closing at $1,946. This reversal pattern signaled strong buying pressure and marked the start of a major uptrend.
Doji Indecision – June 17
On June 17, MKR formed a doji—a candle with nearly equal open and close prices—after a volatile session ranging from $1,983 to $2,251. This indicated market indecision following a sharp rally and often precedes a pullback or consolidation.
Long Lower Wick Rejection – June 7
On June 7, MKR tested support at $1,677 but closed significantly higher at $1,767. The long lower wick showed strong rejection of lower prices—classic sign of accumulation by smart money.
Core Metrics Behind MKR’s Performance
To fully grasp MKR’s price action, it's important to consider both on-chain and market data:
| Metric | Value |
|---|---|
| Total Supply | ~870,827 MKR |
| Circulating Supply | ~870,827 MKR |
| Max Price (Historical) | $6,339.02 (May 3, 2021) |
| All-Time Low | $1.46 (January 30, 2017) |
| Primary Use Case | Governance of MakerDAO & DAI Stability |
MKR holders vote on critical system parameters such as stability fees, collateral types, and risk management policies—making it central to the health of the DAI ecosystem.
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How Traders Use Historical Data for Strategy Building
Historical price data isn’t just for retrospective analysis—it’s a foundation for building robust trading systems.
Technical Analysis
Traders use MKR’s historical OHLC (Open, High, Low, Close) data to:
- Identify support/resistance levels
- Apply moving averages (e.g., 50-day and 200-day)
- Use RSI and MACD indicators to detect overbought/oversold conditions
For example, during late June 2025, the Relative Strength Index (RSI) briefly entered overbought territory (>70), warning of a potential correction—exactly what followed.
Predictive Modeling
Data scientists download MKR’s minute-by-minute or daily datasets to train machine learning models. Using Python libraries like Pandas, NumPy, and Scikit-learn, they build predictive algorithms that forecast short-term price movements based on historical patterns.
Storing this data in time-series databases like GridDB allows for efficient querying and model training.
Risk Management
Understanding past drawdowns helps investors assess risk exposure:
- The largest single-day drop in this period: ~7.3% (June 17)
- Recovery time from lows: Typically within 3–5 days
This information helps in setting stop-loss levels and position sizing.
Frequently Asked Questions (FAQ)
What is Maker (MKR)?
Maker (MKR) is the governance token of MakerDAO, a decentralized autonomous organization that manages the DAI stablecoin. MKR holders vote on protocol upgrades, risk parameters, and system improvements.
Why does MKR price fluctuate so much?
MKR’s price reacts to changes in DAI demand, collateral health, governance proposals, macroeconomic trends, and overall crypto market sentiment. As a low-supply token (~870K), even moderate trading volumes can cause significant price swings.
Where can I find reliable MKR historical data?
Reputable exchanges like Bitget, Binance, and CoinMarketCap provide accurate historical price data. For research purposes, always verify data across multiple trusted sources to avoid discrepancies.
Can I download MKR price data in CSV format?
Yes. Many platforms offer downloadable CSV files containing daily or minute-level OHLC and volume data. These are ideal for backtesting trading strategies or conducting academic research.
Is MKR a good long-term investment?
While past performance doesn’t guarantee future results, MKR has proven resilient through multiple market cycles. Its role in governing one of DeFi’s foundational protocols gives it lasting utility—especially as decentralized credit systems grow globally.
How often is historical crypto data updated?
Most platforms update historical data once per day after the trading session closes. Data is typically timestamped in GMT+0 for consistency across global markets.
Final Thoughts: Leveraging History to Shape Future Decisions
Understanding Maker’s historical price trends provides more than just numbers—it offers context. Whether you're analyzing candlestick patterns for day trading or studying long-term cycles for portfolio allocation, access to accurate and structured data is crucial.
As DeFi matures and regulatory frameworks evolve, governance tokens like MKR will continue playing a pivotal role in shaping financial autonomy. By combining historical insights with modern analytical tools, investors can navigate uncertainty with greater confidence.
All data referenced reflects market activity between July 4, 2024, and July 4, 2025. Prices sourced from trusted providers. Always conduct independent research before making investment decisions.