Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As reported by WhaleStats, a whale ranked 297th among the top 1,000 ETH wallets it tracks has purchased nearly three million MATIC tokens in three separate transactions. The MATIC price fell to lows of $1.30 on Jan. 24 before making an oversold bounce. At the time of publication, MATIC was trading at $1.63, up 4.40% in the last 24 hours.
? An ETH whale just bought 1,000,090 $matic ($1,660,149 USD).
— WhaleStats - the top 1000 Ethereum richlist (@WhaleStats) January 28, 2022
Ranked #297 on WhaleStats: https://t.co/WXSG9vh0FC
Transaction: https://t.co/4Wp1swc8hW#ethereum #whalestats
According to the blockchain data tracker, the mysterious buyer made the first large transaction of 1,000,090 MATIC tokens, or $1,660,149 worth, about six hours ago. The two transactions of 1,159,995 and 845,778 MATIC tokens, or $1,925,592 and $1,403,991 worth, followed within an hour.
? An ETH whale just bought 1,159,995 $matic ($1,925,592 USD).
— WhaleStats - the top 1000 Ethereum richlist (@WhaleStats) January 28, 2022
Ranked #297 on WhaleStats: https://t.co/WXSG9vh0FC
Transaction: https://t.co/eZqah4I4S4#ethereum #whalestats
MATIC also remains among the top 10 purchased tokens and the most traded at press time, per WhaleStats.
Polygon unveils new milestones
Polygon EIP 1559 went live on Jan. 18, ensuring Polygon's proof of stake remains fully compatible with Ethereum while introducing fee and burn mechanisms. As part of the implementation, Polygon notes that its PoS block size has gone from an average of 20MB to 10MB.
Ryan Wyatt, head of gaming at YouTube, recently announced he would be leaving the video-sharing platform in February to join Polygon Studios as its CEO.
Polygon Studios is the network's gaming and non-fungible tokens (NFTs) arm. Polygon (MATIC) is planning a $100 million investment in projects directed by its subsidiary studio, which launched in July.
Polygon also announced the release of the Initial Polygon Hermez 2.0 zkEVM Documentation. Polygon Hermez is an open-source ZK-Rollup optimized for secure, low-cost and usable token transfers on the wings of Ethereum.
Valeria Blokhina
Denys Serhiichuk
