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<p>The post <a href="https://coinpedia.org/news/will-polygons-matic-skyrocket-to-1-after-big-buys-and-gemini-listing/">Polygon Whales Make Big Moves: Here’s Why MATIC Price Could Surge to $1 Soon!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Blockchain tracker Whale Alert has dropped a bombshell: <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/">Polygon</a> whales, the big players on the network, have quietly piled up a whopping 32 million MATIC tokens. This sudden accumulation follows Polygon’s recent listing on the Gemini exchange, igniting speculations about a potential surge pushing MATIC to the coveted $1 mark.</p> 
<p>Read more about the impact below. </p> 
<h2 class="wp-block-heading" id="h-the-matic-accumulation-spree">The MATIC Accumulation Spree </h2> 
<p>On February 8, Whale Alert flagged a surge in MATIC accumulation orchestrated by major crypto players. Two eye-catching transactions stole the spotlight – one, a transfer of <a href="https://whale-alert.io/transaction/ethereum/0xe510bcc8c55a188dee525e95d995e5b22abe4fe2e53a6e89edb8c083aa585afc">11.99 MATIC</a> worth $9.99 million from Coinbase Institutional to an unknown wallet (0xe510b…5afc). Simultaneously, a more significant move involved the accumulation of <a href="https://whale-alert.io/transaction/ethereum/0x98dbebbf1eab426b04847949713083121a7b3359394bd14783099c544ecf456f">20 million MATIC</a>, totaling $16.66 million, sourced from Polygon Staking and parked in another mysterious wallet (0x98db…456f).</p> 
<p>The intriguing part? This surge in whale activity perfectly aligns with Gemini’s listing of the MATIC/GUSD perpetual contract. The connection suggests that Gemini’s move may have fueled the momentum behind this significant accumulation.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/heres-why-buying-polygon-matic-might-be-a-good-idea-the-journey-to-1-2-has-just-begun/">Here’s Why Buying Polygon (MATIC) Might Be a Good Idea! The Journey to $1.2 Has Just Begun</a></p> 
<h2 class="wp-block-heading" id="h-gemini-s-global-crypto-splash"><strong>Gemini’s Global Crypto Splash</strong></h2> 
<p>Gemini, a major crypto exchange, made waves by adding the MATIC/GUSD perpetual contract to its international crypto derivatives platform. This move, excluding the U.S., U.K., and European Union, caught global attention, showcasing Gemini’s commitment to providing hassle-free crypto trading for users worldwide.</p> 
<p>With the new Polygon perpetual contract, Gemini’s non-U.S. platform now offers six perpetual contracts, including SOL/GUSD, BTC/GUSD, ETH/GUSD, XRP/GUSD, and more. This expansion positions Gemini as a go-to platform for crypto trading, catering to users beyond specific regions.</p> 
<h2 class="wp-block-heading" id="h-matic-price-momentum">MATIC Price Momentum</h2> 
<p>As a result of these developments, Polygon’s MATIC token witnessed a significant 4.52% price jump in the last 24 hours, reaching <a href="https://markets.coinpedia.org/polygon/">$0.8337</a>. Over the week and month, it marked increases of 6.45% and 8.12%, respectively. Trading volume also saw a robust spike of 10.11%, hitting $284.23 million.</p> 
<p>As MATIC reaches a crucial juncture, traders and enthusiasts eagerly await to see if these strategic factors will drive Polygon towards the speculated $1 price mark in the coming days.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/top-10/top-10-new-promising-altcoins-for-100x-profits-in-2024/">Top 10 New Promising Altcoins For 100x Profits in 2024</a></p>

Polygon Whales Make Big Moves: Here’s Why MATIC Price Could Surge to $1 Soon!

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