Are ETH whales adding more MATIC?
According to Whale Stats, the top 100 Ethereum whales traded MATIC more than any other token in the previous day. The token flipped SNX tokens to take the top position.
The top 100 ETH whales are found to be holding Polygon tokens worth more over $82.6 million, according to data. This makes up just 2.83 percent of their total holdings. However, MATIC tokens worth $144.4 million are presently held by the top 5000 ETH wallets.
The whale tracker showed that the ETH whales had bought MATIC tokens worth around $3 million in the previous 48 hours. The “Bonobo” wallet received $1.81 million worth of Polygon tokens in a single transaction.
According to Whales Stats, among the top 10 tokens purchased by the top 100 BSC whales were the MATIC tokens. They currently have $31.87 million in assets.
Over the past week, Polygon has grown by 21 percent.
The Polygon was selling for an average price of $0.852 at the time of writing. Nearly the past week, MATIC’s price has increased by over 21%. Over the last 24 hours, Matic has seen trading activity of around $882.5 million. But there has also been a little drop in the total number of holders.
When we dig deeper, the data shows that ETH whales have sold a huge amount of MATIC tokens in the last 24 hours. The token is positioned above the sum. However, over the same period, the price of Polygon has also dropped by around 9%. The MATIC token is also in the top ten smart contracts used by Ethereum whales.
Between now and now, Chainlink and Shiba Inu are still the most widely used and valuable tokens, respectively. The top 100 ETH whales own $554.3 million worth of SHIB coins. It represents 19% of their whole portfolio.