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Home Crypto News Market Ethereum Whales Accumulates Over 6 Million MATIC, Worth $13.73M Within 24 Hours

Ethereum Whales Accumulates Over 6 Million MATIC, Worth $13.73M Within 24 Hours

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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.


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).

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


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