- Whales start to send their MATIC to exchanges, price gets impacted.
- New updates and upgrades could help MATIC in the future.
Polygon [MATIC] is one of the most prominent networks in the crypto sector. The number of collaborations it has done with major companies such as Starbucks and Disney have helped MATIC gain mass appeal.
Despite these factors, it was seen that in the last few days, whale interest in MATIC was declining.
The whales start to dump
According to lookonchain’s data, FTX moved 8 million MATIC and 1,592 ETH to Coinbase and OKX. Additionally, two wallets, receiving MATIC from Polygon Ecosystem Growth, deposited 20 million MATIC to Binance.
The Polygon Ecosystem Growth wallet transferred 217 million MATIC to 70 wallets at the price high on 15th November. Subsequently, the price of MATIC dropped by approximately 22%.
2 wallets(receiving $MATIC from #Polygon Ecosystem Growth) deposited 20M $MATIC($14.86M) to #Binance 7 hours ago.
The #Polygon Ecosystem Growth wallet transferred 217M $MATIC($162M) to 70 wallets at the price high on Nov 15.
Go to Source to See Full Article
Author: Himalay PatelDid you like this?
Tip BTC Newswire with CryptocurrencyDonate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
