{"id":519077,"date":"2023-02-08T23:30:12","date_gmt":"2023-02-08T23:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=519077"},"modified":"2023-02-08T22:53:13","modified_gmt":"2023-02-08T22:53:13","slug":"matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/","title":{"rendered":"MATIC Spikes As Ethereum Whales Show Interest, Buying Over 2 Million Tokens"},"content":{"rendered":"<p><span style=\"font-weight: 400\">While Ethereum has been an attractive asset to whales given its potential, altcoins such as Polygon (MATIC) have joined in on the whales\u2019 favorite tokens list. Earlier today, Whalestats, an account that monitors whales\u2019 transactions and discloses them, <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/74373890\" target=\"_blank\" rel=\"noopener nofollow\">revealed that two blue whales were seen purchasing a massive amount of MATIC<\/a>.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/litecoin\/litecoin-sets-eye-on-107-but-it-needs-to-cross-this-major-hurdle\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Litecoin Sets Eye On $107, But It Needs To Cross This Major Hurdle<\/a><\/div>\n<p><span style=\"font-weight: 400\">Per the account, the whale reportedly bought 2,061,476 MATIC worth around $2.6 billion. The purchase had some notable impact on MATIC\u2019S price. Of <\/span><span style=\"font-weight: 400\">the top ten cryptocurrencies with the largest market share, only MATIC gained the most in the last 24 hours.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udc33 ETH whale &#8220;BlueWhale0502&#8221; just bought 2,061,476 <a href=\"https:\/\/twitter.com\/search?q=%24matic&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$matic<\/a> ($2,618,074 USD).<\/p>\n<p>Ranked #187 on WhaleStats: <a href=\"https:\/\/t.co\/Xp99i8aHLT\" rel=\"nofollow\">https:\/\/t.co\/Xp99i8aHLT<\/a><\/p>\n<p>Transaction: <a href=\"https:\/\/t.co\/gRbtbdhHLt\" rel=\"nofollow\">https:\/\/t.co\/gRbtbdhHLt<\/a><a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ethereum<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/whalestats?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#whalestats<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/babywhale?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#babywhale<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BBW?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BBW<\/a><\/p>\n<p>\u2014 WhaleStats (tracking crypto whales) (@WhaleStats) <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/74373890?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">February 8, 2023<\/a><span style=\"color: #333333\">\u00a0<\/span><\/p><\/blockquote>\n<h2><span style=\"font-weight: 400\">Polygon (MATIC) Surges Nearly 20%<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Since the whale activity to the time of writing, MATIC has spiked in price by 4%, cumulating bullish momentum in the past seven days and recording a profit of nearly 20%. Among the top 10 largest cryptocurrencies by market capitalization, MATIC is still the only asset trending to the upside.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the past few weeks have seen MATIC moving upward before the whales&#8217; intervention, especially since the beginning of the year. MATIC has moved from the $0.75 price tag seen late last year to $1.28 at the time of writing.<\/span><\/p>\n<figure id=\"attachment_519078\" aria-describedby=\"caption-attachment-519078\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-519078 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Polygon-MATIC-MATICUSDT.png?resize=860%2C394\" alt=\"Polygon MATIC MATICUSDT\" width=\"860\" height=\"394\"><figcaption id=\"caption-attachment-519078\" class=\"wp-caption-text\">MATIC&#8217;s price moving upwards on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/hstM8J8q\/?symbol=BINANCE%3AMATICUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong>MATICUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The Polygon token still ranks steadily as the tenth most valuable by market capitalization according to data aggregators \u2014 CoinGecko and Coinmarketcap. Polygon records a market cap of $11.5 billion, higher than <\/span><a href=\"https:\/\/wncen.com\/news\/solana\/traders-should-not-bearish-solana\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Solana<\/span><\/a><span style=\"font-weight: 400\"> with $8.6 billion but below <\/span><a href=\"https:\/\/wncen.com\/news\/dogecoin-price-ascent-slows\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Dogecoin<\/span><\/a><span style=\"font-weight: 400\">, which holds a $12.4 billion market cap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the Polygon token has climbed multiple highs since the beginning of the year, it is still down 56% from its all-time high of $2.92, seen in December 2021. If the crypto market continues the current rally, MATIC and other altcoins could retake previously lost territory.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">MATIC Attracts Ethereum Investors<\/span><\/h2>\n<p><span style=\"font-weight: 400\">WhaleStats\u2019 leadership board shows that the top 100 massive ETH holders <a href=\"https:\/\/www.whalestats.com\/analysis-of-the-top-500-eth-wallets\" target=\"_blank\" rel=\"noopener nofollow\">hold roughly $100 million in MATIC<\/a>. Other altcoins on the list include meme coin Shiba Inu (SHIB), with whales holding less than 700 million SHIB tokens. Over the past seven days, SHIB has surged by more than 16%, with a market cap of over $8.1 billion.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/is-the-crypto-industry-ready-for-tax-regulation-survey-shows\/\" target=\"_blank\" rel=\"noopener \">Is The Crypto Industry Ready For Tax Regulation? Survey Shows<\/a><\/div>\n<p><span style=\"font-weight: 400\">SHIB currently outshines Polkadot (DOT), Litecoin (LTC), and Avalanche (AVAX) and holds the 12th position as the most significant crypto by market cap. SHIB\u2019s previous rally was not surprising for some traders following the development of the Layer 2 solution Shibarium which is expected to play a big part in the token&#8217;s bullish trend.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Ethereum has been an attractive asset to whales given its potential, altcoins such as Polygon (MATIC) have joined in on the whales\u2019 favorite tokens list. Earlier today, Whalestats, an account that monitors whales\u2019 transactions and discloses them, revealed that two blue whales were seen purchasing a massive amount of MATIC. Related Reading: Litecoin Sets Eye On $107, But It Needs To Cross This Major Hurdle Per the account, the whale reportedly bought 2,061,476 MATIC worth around $2.6 billion. The purchase had some notable impact on MATIC\u2019S price. Of the top ten cryptocurrencies with the largest market share, only MATIC gained the most in the last 24 hours. \ud83d\udc33 ETH whale &#8220;BlueWhale0502&#8221; just bought 2,061,476 $matic ($2,618,074 USD). Ranked #187 on WhaleStats: https:\/\/t.co\/Xp99i8aHLT Transaction: https:\/\/t.co\/gRbtbdhHLt#ethereum #whalestats #babywhale #BBW \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) February 8, 2023\u00a0 Polygon (MATIC) Surges Nearly 20% Since the whale activity to the time of writing, MATIC has spiked in price by 4%, cumulating bullish momentum in the past seven days and recording a profit of nearly 20%. Among the top 10 largest cryptocurrencies by market capitalization, MATIC is still the only asset trending to the upside.\u00a0 Notably, the past few weeks have seen MATIC moving upward before the whales&#8217; intervention, especially since the beginning of the year. MATIC has moved from the $0.75 price tag seen late last year to $1.28 at the time of writing. The Polygon token still ranks steadily as the tenth most valuable by market capitalization according to data aggregators \u2014 CoinGecko and Coinmarketcap. Polygon records a market cap of $11.5 billion, higher than Solana with $8.6 billion but below Dogecoin, which holds a $12.4 billion market cap. While the Polygon token has climbed multiple highs since the beginning of the year, it is still down 56% from its all-time high of $2.92, seen in December 2021. If the crypto market continues the current rally, MATIC and other altcoins could retake previously lost territory.\u00a0 MATIC Attracts Ethereum Investors WhaleStats\u2019 leadership board shows that the top 100 massive ETH holders hold roughly $100 million in MATIC. Other altcoins on the list include meme coin Shiba Inu (SHIB), with whales holding less than 700 million SHIB tokens. Over the past seven days, SHIB has surged by more than 16%, with a market cap of over $8.1 billion. Related Reading: Is The Crypto Industry Ready For Tax Regulation? Survey Shows SHIB currently outshines Polkadot (DOT), Litecoin (LTC), and Avalanche (AVAX) and holds the 12th position as the most significant crypto by market cap. SHIB\u2019s previous rally was not surprising for some traders following the development of the Layer 2 solution Shibarium which is expected to play a big part in the token&#8217;s bullish trend.<\/p>\n","protected":false},"author":580,"featured_media":508350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[40670,79614,83584],"class_list":["post-519077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-matic","tag-maticusdt","tag-polygon"],"acf":[],"yoast_head":"\n<title>MATIC Spikes As Ethereum Whales Show Interest, Buying Over 2 Million Tokens<\/title>\n<meta name=\"description\" content=\"While Ethereum has since been an attractive asset to whales given its potential, altcoins like MATIC have joined in on their list.\" \/>\n<meta name=\"robots\" content=\"index, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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Ethereum has since been an attractive asset to whales given its potential, altcoins like MATIC have joined in on their list.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/polygon-matic-card-image.jpg?fit=1200%2C630","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/polygon-matic-card-image.jpg?fit=1200%2C630","width":1200,"height":630,"caption":"Polygon MATIC MATICUSDT 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Spikes As Ethereum Whales Show Interest, Buying Over 2 Million Tokens","url":"http:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/polygon-matic-card-image.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/polygon-matic-card-image.jpg?fit=1200%2C630"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["matic","maticusdt","polygon"],"dateCreated":"2023-02-08T23:30:12Z","datePublished":"2023-02-08T23:30:12Z","dateModified":"2023-02-08T23:30:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Spikes As Ethereum Whales Show Interest, Buying Over 2 Million Tokens\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-spikes-as-ethereum-whales-show-interest-buying-over-2-million-tokens\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/polygon-matic-card-image.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/polygon-matic-card-image.jpg?fit=1200%2C630\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"matic\",\"maticusdt\",\"polygon\"],\"dateCreated\":\"2023-02-08T23:30:12Z\",\"datePublished\":\"2023-02-08T23:30:12Z\",\"dateModified\":\"2023-02-08T23:30:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/polygon-matic-card-image.jpg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519077"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=519077"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/508350"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=519077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=519077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=519077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}