MATIC Soars 23.19% as Whale Wallets Show Sharp Rise of 8.7% Over Last 6 Weeks

Profile picture
U.Today
2d ago2022-06-23
Contents

Santiment data vendor has reported that since early May, the supply of Polygon's MATIC held in wallets of various-sized crypto whales has shown a massive increase of nearly 9%, while the token's price shows a big rise of over 23% in the past 24 hours.

In the meantime, a top Ethereum whale illustrated this data, purchasing 10 million MATIC tokens.

Whales adding tremendously to their MATIC holdings

According to a recent tweet posted by Santiment, wallets holding between 10,000 and 10,000,000 MATIC coins have jointly bought more MATIC, which resulted in a collective rise of their balances by 8.7%. They have been purchasing Polygon's crypto over the past six weeks—since early May.

In the meantime, MATIC is showing a tremendous increase in value, rising 23.19% in the past 24 hours. At the time of writing, the price of the ERC-20 token stands at $0.5064, according to data shared by CoinMarketCap.