Polygon Whale’s Wallet Balance Shows Huge Increase as MATIC Price Spikes
The Sentiment data vendor has reported that since the beginning of May, MATIC’s supply of Polygons held in the wallets of crypto whales of various sizes has grown by a whopping 9%, while the price of the token has risen by a whopping 23% over the past 24 years. shows growth. hours.
Meanwhile, a top Ethereum whale illustrated this data by purchasing 10 million MATIC tokens.
Whales are making a tremendous addition to their MATIC holdings
According to a recent tweet posted by Santiment, wallets with between 10,000 and 10,000,000 MATIC coins combined have bought more MATICs, resulting in a collective 8.7% increase in their balances. They have been buying cryptocurrencies since the beginning of May for the past six weeks.
Meanwhile, MATIC is showing a tremendous increase in price, having gained 23.19% in the last 24 hours. At the time of writing, the ERC-20 token is priced at $0.5064, according to data shared by CoinMarketCap.
I $MATIC Sharks and whales tend to accumulate very large for about six weeks. Holders of coins ranging from 10k to 10m levels have collectively added 8.7% more to their bags over this time period. https://t.co/oasCn72rxt pic.twitter.com/lm4au2fWkn— sentiment (@santimentfeed) 22 June 2022
Prices jump on news of carbon neutrality
Another big reason for MATIC adding over 23% is its recent partnership with on-chain carbon market KlimaDAO to achieve carbon neutrality. Yesterday, Polygon announced that it had secured $400,000 worth of carbon credits, representing 104,794 tons of greenhouse gases.
Sandeep Nelwal, head of Polygon, urged the blockchain space to stop making the environmental crisis worse than now and go beyond promising to do something to actually stop it.
Whale bought 10 million MATIC
The WhaleStats crypto tracker recently spread hype about a major MATIC buy, when a whale named “BlueWhale 0097” received 10,000,000 tokens worth $4,226,890.
The MATIC token currently comprises 11.91% of this whale’s portfolio – which is worth $6,124,735 for MATIC.
The ETH whale “bluewhale0097” just bought 10,000,000 . Bought $matic ($4,226,890 USD).
Ranked #154 on WhaleStats: https://t.co/gl7JF2mjbh22 June 2022