MakerDAO’s MKR surges 28% in one week as token buyback plan begins

MKR briefly rose above $1,200 early Friday for the first time since last August, then pared some of its gains to settle around $1,148. The token has gained 28% during the past week, significantly outperforming the 4.6% decline of the CoinDesk Market Index, which tracks the performance of the broader crypto market.