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MATIC Grows By 18% as Ethereum Whales Buy Over 2.8M Tokens

Published 02/08/2023, 09:25 AM
Updated 02/08/2023, 09:30 AM
© Reuters MATIC Grows By 18% as Ethereum Whales Buy Over 2.8M Tokens

  • Blue Whales bought over 2.8 million Polygon native tokens worth over $3 million.

  • MATIC price has grown by over 18% in the past seven days.

  • WhaleStats data shows the top 100 ETH whales hold $700 million SHIB on average.

Deep pocket investors on the Ethereum network are accumulating Polygon (MATIC), according to data from WhaleStats, a service that tracks the activities of whale investors. WhaleStats alerted the crypto community today that two Blue Whales have bought over 2.8 million units of Polygon native tokens, worth over $3 million, in the last 24 hours.

These recent activities of the crypto whales have positively influenced the price of MATIC. Of the top ten cryptocurrencies with the largest market share, only MATIC crossed a double-digit positive performance score under the seven-day trading window. The coin grew by over 18%, according to CoinMarketCap, putting its price at $1.28, at the t…

The post MATIC Grows By 18% as Ethereum Whales Buy Over 2.8M Tokens appeared first on Coin Edition.

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