2024

Foundation

Read

Polygon

Coin

<ul class="wp-block-list news-points">
 <li><strong>Whale activity signals potential shifts in MATIC, with major transfers from Binance.</strong></li>
 <li><strong>MATIC tests $0.378 support whereby breaking below may push price towards $0.375.</strong></li>
 <li><strong>MATIC’s RSI nears oversold, suggesting a potential buying opportunity for traders.</strong></li>
</ul>
<p>Large-scale MATIC transfers are on the rise as “whales,” or major investors, move significant amounts of Polygon’s native token from major exchanges to unknown wallets. Whale Alert reported several substantial transactions, signaling potential market shifts.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Matic -&gt; POL loading …<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/sRxmQWo38i" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/sRxmQWo38i</a></p>— Vadim (@crypto_vadim) <a href="https://twitter.com/crypto_vadim/status/1833432982180221070?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p class="has-text-align-center"><strong><a href="https://coinedition.com/8m-in-matic-moved-by-polygon-foundation-as-pol-migration-nears" rel="noopener noreferrer nofollow">Read also: $8M in MATIC Moved by Polygon Foundation As POL Migration Nears</a></strong></p>
<p>Binance witnessed two major transfers of 200 million <a href="https://coinedition.com/polygon-regains-control-over-discord-channel-hours-after-hack/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">MATIC</a> each, totaling roughly $154.3 million, to an undisclosed wallet. OKEx also saw a notable movement of 30 million MATIC, valued at $11.45 million, to an unknown wallet. Further transfers from <a href="https://coinedition.com/binance-removes-matic-tusd-pair-analyzing-the-impact-on-polygon-matic-price/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Binance</a> and OKEx, involving 200 million MATIC and 30.065 million MATIC respectively, demonstrates the continued whale trading.</p>
<h2 class="wp-block-heading" id="h-matic-price-and-technical-analysis">MATIC Price and Technical Analysis</h2>
<p>MATIC’s price at press time is <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow">$0.3785</a>, reflecting a 1.04% cut down in th…</p>
<p>The post <a href="https://coinedition.com/polygons-matic-sees-major-whale-activity-puts-price-under-pressure/" rel="noopener noreferrer nofollow">Polygon’s MATIC Sees Major Whale Activity, Puts Price Under Pressure</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Polygon’s MATIC Sees Major Whale Activity, Puts Price Under Pressure

Table of Contents

Coin Edition

Other articles published on Sep 11, 2024

Three Protocol July Updates

Millionaires Maker: What Just One XRP Bull Run Could Do For Holders

Stocks to Watch Today: GameStop, DJT, and Albemarle Corporation

RWA-Driven Blockchain Opens Early Access to Their Governance Token

With One Week Left to the Interest Rate Decision, Deutsche Bank’s Critical Warning Came: “May Not...

Kraken Adjusts Margin Trading After Australian Court Ruling on Fiat

Join our free newsletter for daily crypto updates!