MATIC Rises 74% In 30 Days as Whale Transfers Spike Significantly
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- MATIC notched higher, pushed by a crypto market resurgence and increased whale activities.
- Santiment data shows large-scale crypto traders have doubled down on MATIC accumulation since October.
- Whale Alert also reported multiple mysterious transfers to Coinbase, with one address sending nearly 20 million MATIC tokens.
Alongside a broader crypto market resurgence, Polygon’s (MATIC) has seen its price break out and notch a significant increase in the past few days. On-chain data suggests an uptick in MATIC whales accumulation, and transfers from mysterious wallets aided this uptick.
CoinMarketCap data indicates, at the time of press, that MATIC has added an 8.45% gain to its value in the past 24 hours. On the weekly price chart, the token has seen an impressive 27% increase and a more remarkable 74% gain in the last 30 days.
According to data from Santiment, large-scale investors’ interests in MATIC have risen significantly since October. This surge in large purchasing activity demonstrates important stakeholders’ strong desire to amass MATIC shares.
Furthermore, Whale Alert reported that Coinbase received over 55 million MATIC tokens from differ…
The post MATIC Rises 74% In 30 Days as Whale Transfers Spike Significantly appeared first on Coin Edition.
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