Polygon (MATIC) Beats Shiba Inu Among ETH Whales; Here’s Why

Polygon (MATIC) is emerging as the most profitable token among the biggest 10 digital assets over the past 30 days. The largest cryptos like Bitcoin (BTC) and Ethereum (ETH) prices have registered a surge of over 2% in the last 30 days, respectively. Meanwhile, Polygon price has spiked by a whopping 12% in the same period.

Polygon Flips Shiba Inu

As per the data provided by the WhaleStats, the biggest 100 Ethereum whales are going after the Polygon (MATIC) over the past day. MATIC has popped out as the most traded token among the largest whales. Polygon went on to flip Shiba Inu (SHIB) in order to gain the top spot.

As we dig in, MATIC has outperformed the SHIB token to land on the tally of the most purchased crypto among the top 100 ETH whales in the last 24 hours. However, Polygon can also be found on the list of the most used smart contracts. Read More Polygon (MATIC) News Here…

Data depicts that the biggest of the Ethereum whales went on the MATIC buying spree. They added around 6.82 million of Polygon (approx worth $8.5 million) in multiple transactions. However, the biggest transaction recorded by the tracker has been of adding 3.06 million MATIC (approx worth $3.8 million). It added that a whale named Beorn went on add $5.5 million of 4.1 million Polygon tokens.

MATIC Accumulation On A Surge

The biggest of 100 ETH whales are holding $645 million Shiba Inu Coin which makes around 12.67% of its total holding. On the other hand, these whales are holding around $161 million worth of MATIC tokens which makes up 3.16% of their total holdings.

Polygon price have surged by a whopping 12% over the past 30 days in the wake of its much awaited zero-knowledge Ethereum Virtual Machine (zkEVM) rollout. Polygon mentioned the zkEVM is scheduled to happen on March 27, 2023. MATIC is trading at an average price of $1.24, at the press time.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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