Main navigation

28 Million MATIC Bought and Sold by Whales Over Weekend

News
Mon, 01/10/2022 - 13:26
article image
Yuri Molchan
Over the past three days, more than $57 million worth of MATIC have been acquired and sold by cryptocurrency whales
28 Million MATIC Bought and Sold by Whales Over Weekend
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

As reported by popular cryptocurrency tracker Whale Alert, slightly over four hours ago, a wallet with an unregistered owner transferred 2.6 million MATIC tokens to the Binance exchange.

However, added to the amount of MATIC moved by whales over the weekend, it makes a combined 25.4 million native tokens for the Polygon blockchain.

Whale sells 71 million and 2.6 million MATIC stashes

Data from the whale's address on the Polygon blockchain shows that this cryptocurrency owner held a whopping 71,451.559 coins in the past four months.

However, 125 days ago, he moved that crypto out of his wallet, presumably to sell it or convert it into a different crypto. Four hours ago, he also shifted 2,674,144 MATIC tokens to the Binance exchange.

At the moment, they hold 0.00936988 MATIC in their wallet.

Related
BabyDoge Surpasses ETH as Most-Traded Coin Among Biggest BSC Whales, Soars 16.88%

Major ETH whales buy and sell 25.4 million MATIC

As reported by U.Today over the weekend, on Jan. 8, some of the top 1,000 ETH whales—in accordance with the WhaleStats list—purchased 7,275,966 MATIC tokens. That is the equivalent of $15,144,497. These acquisitions were made by ETH whales ranked 557th, 119th and 169th, according to the WhaleStats scale.

Some of them also bought large amounts of LINK and FTX tokens. Some of the top 1,000 ETH whales continue to stock up on LINK today as well.

Besides, on Jan. 8, two large MATIC transfers were spotted by the aforementioned Whale Alert. Those two transactions carried an astounding 18.2 million tokens worth $12,119,079.

Thus, the total amount of MATIC bought, sold and moved between wallets since Saturday constitutes over 28 million tokens, which is equal to $57,181,419 in fiat.

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.