Satoshi

when

Polygon

Read

Coin

<p>According to data from onchain analytics platform Spotonchain, a<a href="https://platform.spotonchain.com/en/signal-details/fresh-wallet-further-withdrew-matic-from-coinbase-prime-133869" target="_blank" rel="noopener noreferrer nofollow"> fresh wallet has withdrawn 6.72 million MATIC</a> tokens from Coinbase Prime. This large-scale accumulation comes as MATIC’s price tests key support levels, sparking discussions about potential price movements.</p>
<h2 class="wp-block-heading" id="strong-whale-accumulates-polygon-matic-strong"><strong>Whale Accumulates Polygon (MATIC)</strong></h2>
<p>The wallet, identified as 0x83096bd7494a3ccc73fdab6f149408f3e11ac996, made two separate withdrawals from Coinbase Prime within a three-hour period. The first transaction involved 3.33 million MATIC, followed by another 3.39 million MATIC withdrawal.&nbsp;</p>
<p>The total value of these transactions is estimated at $3.85 million, with an average purchase price of $0.572 per token. Interestingly, this wallet has not engaged in any other token accumulation or trading activities.&nbsp;</p>
<p>The focused accumulation of MATIC suggests a strong conviction in the token’s potential. However, the motivations behind this large purchase remain speculative.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-bitcoin-btc-dominance-against-altcoins-is-likely-to-increase-amid-market-dips/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Bitcoin (BTC) Dominance Against Altcoins is Likely to Increase Amid Market Dips</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-polygon-matic-price-forecast-strong"><strong>Polygon (MATIC) Price Forecast</strong></h2>
<p>The whale activity coincides with MATIC’s price hovering near critical support levels. Crypto analyst Morecryptoonline <a href="https://x.com/Morecryptoonl/status/1805681451553206311" target="_blank" rel="noopener noreferrer nofollow">shared insights on MATIC’s price action</a>, stating, “<em>The price needs to reach $0.67+ in 5 waves to indicate that a low has formed in wave 2.”</em>&nbsp;</p>
<p>The analyst noted a lack of upside momentum, maintaining that the situation remains unchanged with $0.49 as the invalidation point.</p>
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdysYZ69W6FIkeD1c2nudX86TyJuXbI36EuFpMplw8-9qpQnMdn-vDfppaAHkqWE9HmnOzVpj86Zjglmc28mwRDYjGPorL8Y0pwyn3BA407qytw9zbV147Ir0Uhmc1PsXXBJsvXcOoiaRfd-MuzYXndO9Cp?key=I7gP40E_vfB6pe_IoFuRhw" alt="" style="width: 100%;height:auto">
</figure>
<p>Supporting this analysis, BabyyBlockChain <a href="https://x.com/BabyyBlockChain/status/1805591560282648901" target="_blank" rel="noopener noreferrer nofollow">observed</a>, “<em>$MATIC drops to the support zone and rebounds.”</em> The analyst suggests that the strong support level presents an opportunity for mid-term gains.&nbsp;</p>
<p>This perspective aligns with the recent whale accumulation, potentially indicating bullish sentiment among larger investors.</p>
<h2 class="wp-block-heading" id="strong-market-implications-strong"><strong>Market Implications</strong></h2>
<p>The convergence of whale accumulation and price support tests creates an intriguing scenario for MATIC. While large purchases often signal confidence, the token’s price action remains tentative. Traders and investors are closely monitoring whether this accumulation will translate into an upward price movement.</p>
<p>It’s worth noting that despite the substantial accumulation, MATIC’s price has not shown immediate dramatic changes. This suggests that broader market factors and overall sentiment continue to play crucial roles in determining short-term price movements.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h2>
<p>The whale accumulation of 6.72 million MATIC tokens presents an interesting development in the Polygon ecosystem. As the price tests support levels, market participants are keenly watching for potential breakouts or further consolidation. While large accumulations can be bullish signals, investors should consider multiple factors when making investment decisions.</p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polygon-whale-accumulates-matic-price-prediction/" rel="noopener noreferrer nofollow">Polygon Whale Accumulates – MATIC Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon Whale Accumulates – MATIC Price Prediction

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 26 thg 6, 2024

Mt. Gox Trustee Announces Definitive Date For Bitcoin And BCH Repayments

Here's How Bitcoin And Altcoins Will Behave 'Until Fed Cuts Rates,' According To Veteran Crypto A...

Get Ready for a DeFi Summer: Synthetix’s 2 Million ARB Giveaway Heats Up on Arbitrum

Why Bitcoin, Ethereum 'Bottom Is In' And 'New Highs Are Imminent,' According To Veteran Trader

Binance Bans Airdrop Hunters After Lista Megadrop Fiasco, What’s Happening?

Crypto Scam: After Rapper 50 Cent, Heavy Metal Band Metallica's Social Media Hacked To Promote So...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!