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July 23, 2022

ETH Whales Take Interest in Polygon (MATIC)

An impressive 30-day rebound has been recorded by Polygon (MATIC), one of the major cryptocurrencies. This uptick is attributed to an increase in whale interest.

According to Whale Stats, the 100 largest Ethereum whales traded the most MATIC tokens in the previous 24 hours. In order to win, the token swapped SNX tokens for the top slot on the board.

More than 82,6 million dollars worth of Polygon tokens is held by the top 100 Ethereum whales, according to data. Only 2.83 percent of their overall wealth is invested in this. There is roughly $144.4 million worth of MATIC tokens in the top 5000 ETH wallets.

According to the whale tracker, the ETH whales purchased $3 million of MATIC tokens in the previous 48 hours. Polygon tokens were contributed to the “Bonobo” wallet in a single transaction, totaling $1.81 million.

Whales Stats also noted that MATIC tokens were among the top 10 tokens acquired by the largest 100 BSC whales. The value of their assets has increased to $31.87 million.

At the time of this writing, the Polygon was trading at an average price of $0.852. Over the previous seven days, MATIC’s prices have risen by more than 21%. In the last 24 hours, Matic’s trading volume was over $882.5 million. However, there has been a little decline in the overall number of holders.

ETH whales have sold huge amounts of MATIC tokens in the previous 24 hours, according to our analysis. The token sits above the tally at the top. The price of Polygon, on the other hand, has declined by around 9% in the same time frame. Among Ethereum Whales’ top ten most often used smart contracts, you’ll find the MATIC token as well.

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Chainlink and Shiba Inu, on the other hand, remain the most generally held tokens and the most valuable token in terms of dollars. SHIB coins are valued at $554.3 million to the top 100 ETH whales. It accounts for 19% of their entire investments.