Polygon Matic Price Due For Rally As Whale Activity Climbs
Polygon (MATIC) is experiencing an uptrend as the number of whale addresses holding the leading Layer 2 (L2) token is increasing.
A 1-day chart assessment confirms the gradual re-emergence of bullish activity in MATIC’s market. Whales holding over 100,000 tokens have seen a 1.2% growth in the last week, holding 77.41% of its total circulating supply of 10 billion MATIC.
This uptick in whale activity has led to a 3% spike in MATIC’s value in the last week, bucking the general market trend of decline.
The growth in MATIC whale count may be due to the profitability of transactions involving the altcoin.
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