Main navigation

$14.6 Million in MATIC Bought by Major ETH Whales, Moved Away from Binance

News
Mon, 01/17/2022 - 10:50
article image
Yuri Molchan
Recent blockchain data shows that a major Ethereum whale has purchased a large amount of MATIC, while a bigger sum in this coin was transferred from Binance
$14.6 Million in MATIC Bought by Major ETH Whales, Moved Away from Binance
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News
Contents

Over the past seven hours, owner of the Ethereum wallet made two large purchases of the MATIC token, the native coin of the Polygon blockchain, according to data shared by WhaleStats analytics aggregator. In all, the ETH whale bought 2.26 million MATIC.

Large ETH holder adds 2.3 million MATIC to its wallet

The Ethereum whale ranked 160th by WhaleStats recently acquired two stashes of MATIC—1,149,995 and 1,129,993 tokens. These two amounts of crypto are worth $5,494.771. Six hours ago, blockchain data platform WhaleStats ranked this whale 160th, but by now, this whale ranks 154th.

Ethereum constitutes 82.6% of the crypto held in this wallet—0xc333e80ef2dec2805f239e3f1e810612d294f771—constitutes Ethereum worth $188,695,882 (57,163 ETH). MATIC tokens hold a share of 3.77% here, which is worth $8,632,805 (3,569,960 tokens).

The sixth-largest holding here is LINK. The wallet contains 107,725 tokens, the equivalent of $2,696,013.

As for MATIC itself, this token is currently on the top 10 list of crypto assets held by the largest 1,000 ETH whales, holding eighth place. SHIB is in third place.

Related
$40 Million Worth of XRP Withdrawn by This Whale from Binance, Here Are Potential Reasons

3.8 million MATIC moved off Binance

As per data shared by popular blockchain tracker Whale Alert, in the past four hours, a total of 3,888,851 MATIC has been withdrawn from two Binance wallets to anonymous crypto addresses.

The equivalent of these two massive crypto transfers in fiat is a whopping $9,339,739 at the current exchange rate of the token.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.