In view of the launching of the whales juggling polygon (MATIC).

The price of Polygon (MATIC) is surging ahead of the release of the highly anticipated Zero Knowledge Ethereum Virtual Machine (zkEVM). Polygon prices are up 65% in the last 30 days. However, the data illustrates that crypto whales are on a hoarding spree and eager for the release.

Trend Polygon Tops Among Whales

According to On-Chain data, crypto whales have been caught moving millions of Polygon (MATIC) on exchanges. The whales continued to move about 19 million MATIC (worth about $28.3 million) over the past 24 hours in multiple trades.

However, the single large transaction recorded by the tracker hovers around 4.76 million MATIC (worth about $6.82 million). The transaction was transferred from crypto exchange Binance to Bitfinex.

Whale data illustrates that Polygon (MATIC) is in the tally of almost every transaction among the top 100 Ethereum (ETH) whales being transferred. MATIC is on the list of the top 10 tokens bought by the biggest whales in the last 24 hours. While it is also in the account of the most used smart contract among the same whales. Read more Polygon (MATIC) News here…

Beorn On Buying Spree

WhaleStats reported that ETH whales tagged Beorn bought about 7 million MATIC (worth about $10.2 million) in multiple transactions. However, the whale went on to accumulate 4 million MATIC (worth about $6 million) in a single scoop.

Meanwhile, an address named Falconx went on to transfer $6.4 million worth of 4.37 million Polygons in a single transaction. However, a whale was caught shifting 4,379 MATIC from the wallet to Polygon.

On the market side, Polygon’s price is up over 5% in the last 24 hours. MATIC is trading at an average price of $1.53 as of press time. Its 24-hour trading volume is $1.15 billion.

Ashish believes in Decentralization and has a keen interest in the evolution of Blockchain technology, cryptocurrency ecosystem and NFTs. His goal is to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he’s playing video games, watching a thriller, or out for some outdoor sports. Reach me at [email protected]

The content presented may include the personal opinion of the author and is subject to terms of purchase. Do your market research before investing in cryptocurrencies. The author or publication bears no responsibility for your personal financial loss.

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