It is located 60 km east of the city of Satpayev  (Karaganda region), on the right bank of the Karakengir River, 2 km west of the village of Malshybai. It was built at the end of the 15th century. According to one of the legends, the Monument belonged to the prince of the ancient state of Turan. Another legend says that the Kagan of the Western Turkic kaganate was buried here. According to some scientists, the King of the Kazakh khanate named  Khaknazar, is buried here.