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Massive Burns: Top Investor Buys 2.8B Tron (TRX), 200M Polygon (Matic) And Burn All Of Coins

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Top Investor Buys and then Burns All Of Coins.



74th biggest BNB Whale labeled “Scarlet Witch” Burned Whopping 226.23 Million Worth of TRON (TRX) and $128.34 Million Worth of Polygon (MATIC).

As of June 10, TRON (TRX) has attracted the attention of the 74th biggest BNB Whale and has made its way back to the top 10 list of purchased tokens among the 100 biggest BNB whales in the last 24 hours, according to Whalestats.

BNB whale named Scarlet Witch has bought 2.80 billion units of TRON coins, worth a whopping $226,231,599 ($226.23M) in a single significant transaction, WhaleStats reports.

The whale has purchased this many TRON coins from the wallet linked to Binance, the world’s largest exchange in terms of the daily trading volume. Afterward, she sent the entire accumulated token, i.e., 2.80 billion TRX, to the “Null Address” in one momentous transaction, Etherescan.io reports.

This is not the first time this whale has sent such a massive amount of TRON to the dead wallet. Exactly one year back on the same date (June 10th, 2021), the whale has burned a whopping total of 11,100,000,000 (11.10 Billion) TRX in a single noteworthy transaction.

As per Etherscan.io data, the 74th biggest whale now holds none of the TRON coins in her wallet. TRON’s current circulating supply stands at 92.79 Billion TRX coins.

$128.34 Million Worth of Polygon (MATIC) Burned:

At the same time, the deep-pocketed BNB coin investor purchased an astounding amount of Polygon (MATIC) coins and moved them out of circulation forever.

As reported by WhaleStats, the 74th biggest BNB Whale labeled “Scarlet Witch” purchased a whopping total of 200 million MATIC, worth $128,340,600 ($128.34M) from “Binance: Hot Wallet 6” in one noticeable transaction.

Etherscan.io further verified that following the massive accumulation, the whale had moved 200 million MATIC out of circulation forever with one significant OUT transaction.

Previously, Scarlet Witch burnt 1.70 billion MATIC coins, worth $1.08 billion at the start of the New Year 2022.

The burning of TRX and MATIC came after a few hours when BNB Whale purchased an astounding total of 400 Million Dogecoin (DOGE), worth $31.6 Million in a single transaction.

At the time of writing, TRON is trading at the price of $0.08111, up 0.39% over the last day, with a 24-hour trading volume of $701,173,673 ($701.17M). At the same time, MATIC is trading at the price of $0.63, up 1.84% over the last day, with a 24-hour trading volume of $443,117,776 ($443.11M).

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Disclaimer

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.

ZABIH
Zabi
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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