15 Million MATIC Bought by ETH Whale as Token Surges 26% in Last 3 Days

0
Youri Molchan

Whales Continue To Hoard Native Polygon Coin, As Price Continues To Rise

Disclaimer: The opinion expressed herein is not investment advice; it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and trade involves risk, so you should always do your own research before making any decisions. We advise against investing money that you cannot afford to lose.

According to recent tweets posted by on-chain data service WhaleStats, Ethereum big whales continue to buy large chunks of Polygon’s native MATIC coin, while the coin has added over 26% in the past two days and in total has gained around 70% since the start of the week.

Whales grab 15 million MATIC on 70% price spike

WhaleStats reported that in the past 24 hours, the whale known as “BlueWhale0072” made two trades, acquiring 10,000,000 and 4,723,190 MATIC tokens. In total, these two purchases were worth $8.7 million.

As covered by U.Today earlier, whales have been actively acquiring MATIC over the past six weeks since early May. In doing so, they demonstrated a 9% increase in their wallet balances holding 100 million to 1 billion tokens.

Ads

This is MATIC’s largest accumulation since November. Over the past week, the token has spiked almost 70% and over the past two days it has added over 26% to its price.

As of this writing, the token is changing hands at $0.0602

Share.

About Author

Comments are closed.