15 Million MATIC Bought by ETH Whale as Token Rises 26% in Past 3 Days

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Yuri Molchan

Whales con­tin­ue to accu­mu­late Polygon’s native coin, while the price keeps going up

Dis­claimer: The opin­ion expressed here is not invest­ment advice – it is pro­vid­ed for infor­ma­tion­al pur­pos­es only. It does not nec­es­sar­i­ly reflect the opin­ion of U.Today. Every invest­ment and all trad­ing involves risk, so you should always per­form your own research pri­or to mak­ing deci­sions. We do not rec­om­mend invest­ing mon­ey you can­not afford to lose.

Accord­ing to the recent tweets post­ed by WhaleStats on-chain data ser­vice, large Ethereum whales keep pur­chas­ing big chunks of Polygon’s native coin MATIC, while the coin has added more than 26 per­cent in the past two days and in total has gained rough­ly 70 per­cent since the start of the week.

Whales grab 15 million MATIC on 70% price surge

WhaleStats has report­ed that over the past 24 hours, whale known as “BlueWhale0072” has made two trans­ac­tions, acquir­ing 10,000,000 and 4,723,190 MATIC tokens. All-in-all, 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. By doing so they have demon­strat­ed a 9‑percent rise of their bal­ances of wal­lets hold­ing from 100 mil­lion to 1 bil­lion tokens.

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This has been the largest accu­mu­la­tion of MATIC since Novem­ber. Over the past week, the token has demon­strat­ed a spike by near­ly 70 per­cent and in the past two days, it has added over 26 per­cent to its price.

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



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