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$2.5 Million in Top-Traded MATIC Token Acquired by These Two Whales

Sat, 07/30/2022 - 10:15
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Yuri Molchan
Whales are after MATIC now that it has emerged on the list of “hot” coins for trading
$2.5 Million in Top-Traded MATIC Token Acquired by These Two Whales
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Data shared by WhaleStats says that once MATIC has managed to enter the top ten list of coins with the highest trading volume, some of high-ranking Ethereum whales began to buy big amounts of this Polygon’s native coin.

Besides, MATIC has become one of the most popular smart contracts on the Ethereum chain.

2.5 million MATIC added to these whales’ wallets

WhaleStats has shared details on the purchases of two MATIC lumps worth $1,135,264 and $1,430,274.

For that money, whales "Bonobo" and "BlueWhale0072" bought themselves 1,199,999 and 1,461,354 MATIC tokens. For the latter, MATIC now comprises 3.15 percent of the portfolio.

Whale "Bonobo" also bought some APE after grabbing MATIC – 199,999 coins, which is the equivalent of $1,347,999.

This whale is ranked 5 among the 100 largest Ethereum investors.

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SHIB Beats MATIC, LINK, MANA as Number 1 Asset for Whales: Report

WhaleStats also reported that presently MATIC is on the top ten list of coins with the highest trading volume. The token holds 6th place on it following FTX Token.

At the time of this writing, Polygon’s native token MATIC is trading at $0.9372 after a 2.60 percent decline, according to data shared by CoinMarketCap.

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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.