Cryptocurrency

Polygon

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 <p>Cryptocurrency analyst and trader Ali Martinez says that deep-pocketed investors are scooping massive amounts of Ethereum (ETH) scaling solution Polygon (MATIC).</p>
 <p>Martinez tells his 34,000 followers on the social media platform X that crypto whales bought up a whopping 120 million MATIC in the past seven days.</p>
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 <p><em>“Polygon: recently, MATIC whales have been on a buying spree, scooping up over 120 million MATIC in the past week – that’s a hefty $90 million investment!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAGUJjFWIAA0qA6?format=jpg&amp;name=medium" alt="Image" width="1200" height="571">
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   Source: Ali Martinez/X
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 <p>MATIC is trading for $0.76 at time of writing, up slightly in the past 24 hours.</p>
 <p>Next up, the trader notices that top blockchain oracle provider Chainlink (LINK) is experiencing a surge in activity as whale transactions soar.</p>
 <p><em>“Chainlink: yesterday, LINK witnessed its largest spike in whale transactions for the year, with over 2,600 transactions exceeding $100,000 each!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAFTex_WoAAwlrY?format=jpg&amp;name=medium" alt="Image" width="1200" height="574">
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   Source: Ali Martinez/X
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 <p>Chainlink is trading for $14.38 at time of writing, down 1.6% in the last 24 hours.</p>
 <p>Lastly, the trader says memecoin Dogecoin (DOGE) could have a massive breakout and increase more than 68% from its current value.</p>
 <p><em>“Dogecoin: on the weekly chart, DOGE faces a major hurdle at $0.087. This crucial level is marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week EMAs (exponential moving averages). Breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GACUlHzWcAAbCbl?format=jpg&amp;name=medium" alt="Image" width="1200" height="641">
  <figcaption class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>Dogecoin is trading for $0.0830 at time of writing, increasing 3.1% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-whales-go-on-buying-spree-as-90-000-000-worth-of-matic-gets-scooped-up-trader-tbt72302.html">https://thebittimes.com/polygon-whales-go-on-buying-spree-as-90-000-000-worth-of-matic-gets-scooped-up-trader-tbt72302.html</a></p>

Polygon Whales Go on Buying Spree As $90,000,000 Worth of MATIC Gets Scooped Up: Trader

TheBitTimes

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