Polygon

<ul class="news-points"> 
 <li>Yesterday, 37 million MATIC were transferred by a whale to an unknown wallet, causing a 4% price spike.</li> 
 <li>At press time, MATIC was worth $0.5584 after its price fell by 0.66% over the past day.</li> 
 <li>From a technical standpoint, MATIC was attempting to overcome the key resistance level at $0.5700.</li> 
</ul> 
The largest <a href="https://coinedition.com/tag/polygon-matic/">Polygon (MATIC)</a> transaction since July 2023 happened yesterday, according to an X post shared by the market intelligence platform Santiment. The post indicated that a whale moved about 37 million MATIC tokens from a Proof of Stake (PoS) wallet to a 3 year-old wallet. The transferred tokens were estimated to be worth $20.7 million. 
Santiment also suggested that the whale’s huge transfer could have been behind MATIC’s intra-day 4% price rise yesterday while the rest of the cryptocurrency market faced price declines. However, the daily candle close showed that MATIC was not spared from yesterday’s slump. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> 37M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MATIC</a> was moved from a whale PoS address to a 3 year-old wallet today, coinciding with a mild +4% price rise for the 13th market cap asset while the rest of <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> slumps. This was the largest single transaction on the <a href="https://twitter.com/hashtag/PolygonNetwork?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#PolygonNetwork</a> since July. <a href="https://t.co/MKKNKDuQJU" target="_blank" rel="nofollow">h…</a>
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The post <a rel="nofollow" href="https://coinedition.com/matic-whale-makes-biggest-move-since-july-price-spikes-4/">MATIC Whale Makes Biggest Move Since July, Price Spikes 4%</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

MATIC Whale Makes Biggest Move Since July, Price Spikes 4%

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