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MATIC Whale Triggers 20% Rally With $56 Million Transfer

Published 2023-01-28, 07:23 a/m
© Reuters. MATIC Whale Triggers 20% Rally With $56 Million Transfer

Coin Edition -

  • Blockchain analytics firm Santiment highlighted a $56 million MATIC transfer from earlier this week.

  • The whale’s transfer triggered a massive rally pushing the token over 20% in the following days.

  • The rally has led to the token’s trading volume reaching a 10-week high.

MATIC, the native token of Ethereum’s most popular scaling solution Polygon, has seen a massive rally over the past few days. The token has gone from $0.94 to $1.13 within a span of 72 hours. Blockchain analytics firm Santiment tweeted the details of a whale transfer earlier today that most likely triggered the rally.

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