MATIC Is Transferred More Than $7 Million By A Whale

Key Point:

• The outgoing whale wallet has sent almost 9,000,000 $MATIC ($7.8M) to Binance, according to Lookonchain.
• This whale’s address has received a total of $153.4 million MATIC, with an average receiving price of $1.16. When compared to the current price ($0.863), this whale’s position is weakening.

A wallet containing a big amount of Matic has abruptly transferred 9,000,000 MATIC to Binance.

According to Lookonchain, the outgoing wallet address is: 0xaac22b3c17d3b31c6d0d7a9b6dd7a0a797c40339, which transmitted over 9,000,000 $MATIC ($7.8M) to Binance.

This whale has been progressively acquiring MATIC over time, according to Etherscan statistics. This whale’s address has received a total of $153.4 million MATIC, with a receiving price of $1.16 as the average. This whale’s position is deteriorating in comparison to the current price ($0.863).

This token has attracted the interest of whales and huge investors in recent months as Polygon network activity has increased dramatically, particularly in relation to NFT. Despite the protracted crypto winter, Polygon’s NFT Marketplace trading numbers hit a new all-time high in December 2022.

Previously, on December 12, Polygon announced its expansion as a result of the new Starbucks arrangement. Starbucks Odyssey Campaign went live today, with the coffee juggernaut offering customers a number of behaviors to help them earn “Journey Mark” – a Polygon-based NFT. A marketplace where members of the community can buy and sell Starbucks digital artifacts is also in the works.

This token is growing as a result of its new partnership with Starbucks. In addition, Polygon has agreed to provide blockchain technology for Starbucks’ NFT. Polygon Studios CEO Ryan Wyatt also announced the start of a collaboration with Warner Music Group that day. The agreement will result in the development of a centralized streaming and collecting platform. LGND Music will be the project’s moniker, and the artists will release their own digital content on it.

Over the last 24 hours, the daily trade volume on Polygon’s token has been $375 million. According to Coinmarketcap, the price of $MATIC has climbed by 7.4% in the previous 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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