Following MATIC’s 20% price increase, this whale purchases $1 million worth of tokens
The anonymous whale tagged “Kvothe” bought 659,765 MATIC tokens worth around $1 million. The total holdings of the token on the address reached $6.6 million.
As the wallet and transaction pages suggest, MATIC has become the fourth-largest holding on his or her wallet with 5.7% dominance over other assets. In addition to Matic, the whale holds a whole variety of other tokens, including MANA, LRC and AMP.
The whale’s largest possession is Windows Metaverse, worth $72 million, and a large stack of Ethereum worth around $17 million. Since the recovery of the cryptocurrency market, the activity of the whale has increased considerably as it has made 25 transactions in the past few days.
MATIC market performance
As for the market performance of the token, Matic has followed the general trend on the market and gained at least 20% to its value, now trading at $1.6 while previously consolidating at $1.4.
The local low for the token was seen on February 24 when MATIC broke below the $1.3 support. But despite the sharp decline, thanks to the concentration of buy orders around the $1.25 area, the price of the token quickly rebounded and formed a “hammer” – a single candlestick pattern that appears at the trending bottom. local.
At press time, MATIC trades at $1.6 after unfortunately failing to break through the 200-day moving average’s resistance level. As for the token’s performance among whales, Matic still remains in the top 10 of tokens with the highest USD value among Ethereum whales. The total value of MATIC holdings currently sits at $376 million, as WhaleStats reports.
