Ethereum

United

Polygon

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Ethereum scaling solution <a href="https://u.today/polygon-matic-skyrockets-1453-in-whale-activity-climb-what-next" rel="noopener noreferrer nofollow">Polygon (MATIC)</a> has recently seen a substantial increase in large transaction volume, which is indicative of whale activity.
According to <a href="https://app.intotheblock.com/coin/MATIC" rel="noopener noreferrer nofollow">IntoTheBlock</a>, Polygon (MATIC) is reporting $152.75 million in large transaction volume in the last 24 hours, representing a 745.3% surge.
This large transaction volume surge coincides with the excitement surrounding the launch of Ethereum ETFs in the United States, a key milestone for the cryptocurrency community.
Ethereum exchange-traded funds began trading in the United States on Tuesday, putting the world's second-largest cryptocurrency in a vehicle popular with many professional investors and advisors.
U.S. exchange-traded funds that invested directly in Ethereum earned a net of $107 million on their first day of trading.
BlackRock Inc.'s iShares Ethereum Trust had the greatest net inflow of the cohort at $267 million, followed by Bitwise's Ethereum Trust at $204 million and the Fidelity Ethereum Fund at $71 million.
<h2 id="ethereum-positive-sentiment-spills-over-to-polygon">Ethereum positive sentiment spills over to Polygon</h2>
Over $1 billion in shares were traded across the nine Ethereum ETFs, which launched six months after U.S. authorities approved the first U.S. spot Bitcoin ETFs. This year, the latter received a net influx of more than $17 billion.
Owing to this milestone, Ethereum has seen a massive surge in whale activity, a sentiment that has spilled over to Polygon.
According to on-chain analytics firm Santiment, the launching of Ethereum's nine new spot ETFs has a demonstrable impact on whale behavior. Since July 17, the number of ETH transactions above $100,000 in value has been 64% greater than the number of BTC transfers and 126% higher than the number of USDT (ETH) transfers.

Polygon (MATIC) Skyrockets 743% in Whale Activity Amid Ethereum ETF Buzz

Mục lục

U_Today

Các bài viết khác được xuất bản trên 24 thg 7, 2024

Santiment Reveals Solana Meme Coin Surge

Ferrari to Accept Cryptocurrency for Car Purchases in the U.S.

Kamala Harris will not speak at the 2024 Bitcoin Conference

Shibarium Eyes Historic Milestone as SHIB Price Sell-off Grows

XRP Price Breaking Above the Range: It Eyes at 20% Before the End of the Month

WazirX Plans Poll to Decide on Resuming Withdrawals and Trading

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