Whale with 20 million MATIC tokens buys an additional $ 10 million
According to WhaleStats, a large entity presently holding almost 20 million MATIC, acquires 4.84 million tokens or $10.8 million worth at the time of purchase.
In two big deals, the whale ranked 292nd in the top 1,000 ETH wallets tracked by WhaleStats bought the tokens as the market continues to sell off. the first operation of 2,619,275 MATIC, or $ 5,867,176, occurred approximately 18 hours ago. This second operation of 2,239,401 MATIC, or $ 5,016,258, followed almost four hours later.
Data provided by WhaleStats indicates that the large entity mostly bets on Polygon MATIC, having a balance of 20,293,587 tokens valued at $42,885,848.
MATIC is the native crypto asset of Polygon Blockchain and is ranked 15th largest cryptocurrency by market cap, according to data from CoinMarketCap. At time of printing, MATIC was trading hands at $ 2.15, down 4.33% for the day.
Aside from Ethereum and MATIC, which constitute the larger chunk of the whale’s portfolio, other tokens such as 125,000 AAVE, 600,000 SUSHI and 1.12 million 1INCH seem to suggest an interest in DeFi.
WhaleStats values the overall value of Whale’s ERC-20-based crypto assets at $ 137,126,190.
Polygon ecosystem grows
Polygon recalled growth in its ecosystem in 2021, stating that it welcomed 7,200 new developers in December 2021 alone. The network presently has more than 10 million unique active users, suggesting growth in utility.
U.Today earlier announced the three milestones that Polygon is expected to expand in 2022. During the first quarter of 2022, the Polygon blockchain will be integrated with Opera’s Web3 compatible browser and integrated crypto wallet for Android.
Later this year, in the second and third quarters of 2022, the Layer 2 platform will see the launch of Polygon Hermez and Polygon Miden public testnets. Last but not least, EIP-1559 will introduce the burning of MATIC tokens and better fee visibility.
