Polygon (MATIC) has been one of the top cryptocurrencies which have registered a massive recovery over the past 30 days. Increased whale interest is one of the reasons behind this surge.
ETH whales adding more MATIC?
According to Whale Stats, MATIC emerged as the most traded token by the biggest of the 100 Ethereum whales over the last 24 hours. The token flipped SNX tokens to gain the top spot.
Data depicts that the top 100 ETH whales are holding more than $82.6 million worth of Polygon tokens. This makes up just 2.83% of their total holdings. However, the top 5000 ETH wallets are owns around $144.4 million worth of MATIC tokens.
The whale tracker reported that the ETH whales bought around $3 million worth of MATIC tokens in the last 48 hours. Wallet named “Bonobo” added $1.81 million worth of Polygon tokens in a single transaction.
Whales Stats also mentioned that the MATIC tokens landed on the tally of the top 10 tokens purchased by the biggest 100 BSC whales. Their holdings now stand at $31.87 million.
