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.
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 7, 2022
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.