Polygon (MATIC), the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development, has recently raised $450 million in an investment round led by venture capital firm Sequoia Capital India to support its Web 3 plans.
Following the news, Ethereum whales became active and started to fill up their bags with MATIC before the next Bull Run for the coin starts.
Looking into the data provided by WhaleStats, we found that in the last 24 hours, two Ethereum Whales have accumulated a total of 6,805,973 (6.8M) MATIC, worth $13,730,006 ($13M) in 4 transactions.
The 655th biggest whale of Ethereum has bought 4 million MATIC, worth $8,080,000 in just a single transaction.
🐳🐳 An ETH whale just bought 4,000,000 $matic ($8,080,000 USD).
Ranked #635 on WhaleStats: https://t.co/b8k05tR68R
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 9, 2022
As per data provided by WhaleStats, MATIC is now the second biggest holding for the whale and currently has a total of 2,112,543 (2.1M) MATIC tokens, worth $4,174,132 (4.1M).
Shortly after this transaction, another whale which is currently ranked as the 290th biggest whale, carried three transactions, i.e., 902,990 MATIC in his first transaction, and bought 2,805,973 (2.8M) MATIC, worth $5,650,006 ($5.6M) in total. Digging deep into the data of the second whale, MATIC also seems to be her second-biggest holding, following Ethereum (ETH). This whale holds a total of 21,628,466 MATIC coins, which she purchased at an average price of $2. The worth of MATIC coins in his wallet equals $42,731,376 ($4.2M).