Polygon (MATIC) Whale Transactions Jump 2,930% as Price Nears Key Level
Polygon has been on steady rise since June 29
According to IntoTheBlock data, Polygon (MATIC) is seeing a massive spike in its large transaction volume, recording a whopping 2,930% increase in the last 24 hours. MATIC's large transaction volume comes in at $163 million.
The Large Transaction Volume indicator, by definition, provides an estimate of the total amount transacted by whales and institutional investors on a given day. Large transactions are defined by IntoTheBlock as transfers of more than $100,000, and a spike may indicate that institutional players, or whales, are actively buying or selling.
Polygon has been on a steady rise since June 29, marking the fourth consecutive day of being in green. MATIC rose to a three-week high of $0.721 on July 3 before receding slightly, where it trades now.
At the time of writing, MATIC was marginally up in the last 24 hours to $0.70. The token is up nearly 5% in the past seven days.
Read more on U.Today https://u.today/polygon-matic-whale-transactions-jump-2930-as-price-nears-key-level
Polygon has been on steady rise since June 29
According to IntoTheBlock data, Polygon (MATIC) is seeing a massive spike in its large transaction volume, recording a whopping 2,930% increase in the last 24 hours. MATIC's large transaction volume comes in at $163 million.
The Large Transaction Volume indicator, by definition, provides an estimate of the total amount transacted by whales and institutional investors on a given day. Large transactions are defined by IntoTheBlock as transfers of more than $100,000, and a spike may indicate that institutional players, or whales, are actively buying or selling.
Polygon has been on a steady rise since June 29, marking the fourth consecutive day of being in green. MATIC rose to a three-week high of $0.721 on July 3 before receding slightly, where it trades now.
At the time of writing, MATIC was marginally up in the last 24 hours to $0.70. The token is up nearly 5% in the past seven days.
Read more on U.Today https://u.today/polygon-matic-whale-transactions-jump-2930-as-price-nears-key-level
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