Wednesday, August 10, 2022
Home Crypto News Market Polygon Joins Top 10 Purchased Tokens By Biggest ETH Wallets After Whales...

Polygon Joins Top 10 Purchased Tokens By Biggest ETH Wallets After Whales Bought 6M Matic

- Advertisement -

Matic Joins Top 10 Tokens Purchased By Biggest ETH whales, After 5.99 Million Polygon (MATIC) Accumulated By Top Ethereum Wallets In 24 Hours.

WhaleStats, a crypto tracking service, recently revealed that Polygon (MATIC) token had become one of the most accumulated tokens by 1000 biggest Ethereum (ETH) whales in the past 24 hours, making its way to the “Top 10 Purchased Tokens” leader board.

The top 500 ETH Whale wallets are now holding a $380,987,089 ($380M) worth of Polygon (MATIC), making it the third biggest dollar position by dollar value, following Shiba Inu (SHIB) and FTX Token (FTT).

In the past 24 hours, Ethereum whales have accumulated massive 5,998,998 (5.99M) MATIC tokens worth around $8,758,538 ($8.75M) in 6 transactions, as per data provided by WhaleStats.

The first two transactions made by Ethereum Whales were reported to be of the same amount, i.e., 750,000 MATIC, valued at $1,095,000 each.

After few minutes, the whales accumulated 898.99K Matic coins Worth $1,312,539, 1 Million coins for $1,460,000, 1.599 Million coins ($2,335,999), 1 Million matic for $1,460,000 in their third, fourth, fifth and sixth transaction, respectively.

However, this massive accumulation from Whale Wallets doesn’t have much impact on Polygon price yet. Still, such aggressive accumulation of any coin by top Whale wallets is considered the Bullish Sign in the crypto space.

The accumulation comes after Nasdaq Listed DraftKings Became a Validator on Polygon. Polygon announced that DraftKings, a leading sports and entertainment company, has joined its ecosystem as a validator as part of an effort to facilitate the growth of Web3 adoption. The development happens to be the first time a publicly-traded company will be taking an active role in blockchain-related governance.

At the time of writing, Polygon is trading at the price of $1.43, up 0.8% for the day, with a 24-hours trading volume of $1,251,478,083 ($1.2B). MATIC is currently the 17th biggest cryptocurrency globally in terms of market cap, as per data provided by CoinGecko.

- Advertisement -


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.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Midas Releases 3 CeDeFi Investment Strategies, Creates New Opportunities In The Bear Market

On August 10, 2022, Midas.Investments, a custodial CeDeFi platform, released three new investment strategies. The platform merges diverse approaches to digital asset management into...

Hotbit Shuts Down Trading, Deposit, and Withdrawal Services Indefinitely

  Leading cryptocurrency exchange Hotbit has announced that it will be suspending some of its important services indefinitely.  ...

US SEC and CFTC Require Hedge Funds To Disclose Their Bitcoin and Crypto Holdings

Regulators may want hedge funds to report crypto exposure. window.coinzilla_display = window.coinzilla_display || ; ...

Report: $540 Million Laundered by Crypto Criminals Through RenBridge

  A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. ...

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.