Whales continue to accumulate Polygon’s native coin, while the price keeps going up
According to recent tweets posted by on-chain data service WhaleStats, Ethereum big whales continue to buy large chunks of Polygon’s native MATIC coin, while the coin has added over 26% in the past two days and in total has gained around 70% since the start of the week.
Whales grab 15 million MATIC on 70% price surge
WhaleStats has reported that over the past 24 hours, whale known as “BlueWhale0072” has made two transactions, acquiring 10,000,000 and 4,723,190 MATIC tokens. All-in-all, these two purchases were worth $8.7 million.
As covered by U.Today earlier, whales have been actively acquiring MATIC over the past six weeks since early May. In doing so, they demonstrated a 9% increase in their wallet balances holding 100 million to 1 billion tokens.
This has been the largest accumulation of MATIC since November. Over the past week, the token has demonstrated a spike by nearly 70 percent and in the past two days, it has added over 26 percent to its price.
As of this writing, the token is changing hands at $0.0602
