• MATIC’s trading volume has grown significantly in two days, along with its price. 
• Whales have increased accumulation as their profit grows.

The trading volume of Layer 2 token Polygon [MATIC] has seen a significant increase in the past two days, data from Santiment revealed. According to the on-chain data provider, during that period, MATIC’s trading volume went up by 29%. 

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The growth in trading volume coincided with a growth in MATIC’s value. Exchanging hands at $0.741 at press time, MATIC’s price has recorded a 7% price uptick since 10 July, per data from CoinMarketCap. 

The surge in MATIC’s price and trading volume is attributable to the growth in new demand for the token. Recent data from Santiment revealed that the count of new wallet addresses created daily to send or receive MATIC tokens went up by over 28% in the last month. 

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Author: Abiodun Oladokun

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