Polygon

<ul><li>Binance Bought 45.6 million worth of MATIC.</li><li>Polygon’s price declined by over 0.54% in the last 24 hours.</li></ul>Polygon (MATIC) has joined whales’ preferred crypto token list <a href="https://thenewscrypto.com/tag/ethereum/" rel="noopener noreferrer nofollow">along with Ethereum</a>, an attractive cryptocurrency for whales with its potential. One enormous whale was spotted acquiring a sizable quantity of MATIC earlier today. According to Whale Alert, an account that tracks whale transactions, 5,190,398 MATIC was transferred from an unknown wallet to Binance.<h3 id="strong-polygon-price-action-strong">Polygon Price Action</h3>The cryptocurrency market is growing, and the optimism from January has inspired <a href="https://thenewscrypto.com/tag/whales/" rel="noopener noreferrer nofollow">whales to start accumulating</a> significant crypto tokens rather than selling them. The largest crypto exchange, Binance, acquired Polygon, which was worth about $5.6 million.Following the whale’s accumulation, MATIC’s price soared over 2% from $1.0886 to $1.1103. Despite that, at the time of writing, Polygon’s share price had declined by around 2.42% from $1.1103 to $1.0834. Also, MATIC decreased by 7.7% in a week and 6% in the last 14 days.Further, on March 26, 7,014,849 MATIC, which was worth over $7.5 million, was transferred from Polygon to an unknown wallet. However, Polygon has a 24-hour trading volume of $290 million, which is up by over 2.13%, and a market cap of $9 trillion, as per CoinMarketCap.Also, <a href="https://thenewscrypto.com/tag/polygon/" rel="noopener noreferrer nofollow">Polygon witnessed a massive surge in transactions</a>, surpassing $40 million in worth on March 24. Moreover, at the beginning of 2023, the global cryptocurrency market is moving forward with a positive transformation and massive price surges. The market leaders Bitcoin (BTC) and Ethereum (ETH), steadily trade in a range between $28K and $1.8K.

Binance Acquired 5M MATIC From Unknown Wallet

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TheNewsCrypto

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