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

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

Cryptocurrency Feb 08, 2023 09:30AM ET

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

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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.

ETH whale "BlueWhale0502" just bought 2,061,476 $matic ($2,618,074 USD).
Ranked #187 on WhaleStats: https://t.co/Xp99i8aHLT

Transaction: https://t.co/gRbtbdhHLt#ethereum #whalestats #babywhale #BBW

— WhaleStats (tracking crypto whales) (@WhaleStats) February 8, 2023

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…

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