Top ETH Whales Buying MATIC; Will Its Price Surge?

Polygon (MATIC), is trading among the top 8 by cryptocurrency volume or increased selling pressure due to the recent market collapse. However, cryptocurrency MATIC again landed on the top choices of the Ethereum (ETH) Whales.

ETH whales holding MATIC

As per the data provided by WhaleStats (tracking crypto whales) on December 14, Polygon (MATIC) joins the list of top 10 most purchased cryptocurrencies by ETH whales. In terms of trading volume, MATIC traded at $49,650 and also became part of the list. Notably, the cryptocurrency MATIC price spiked by 3% in the last 24 hours.

As per the data collected from whale stats, ETH whales have bought MATIC worth $3.7 million. Moreover, as per the data from Whale alert MATIC worth $9.2 million was transferred from Binance to another wallet. ETH whales currently hold MATIC of worth $18 million at a concentration rate of 2.48%. Currently, DAI stablecoin is the biggest coin held by the ETH whales at a concentration rate of 2.57%.

Polygon (MATIC) price Analysis

The minimum price of Polygon will be $0.859914, based on a technical analysis of pricing for 2022. The MATIC price might rise to a maximum of $0.979902. The estimated average trading price is $0.949905. While writing this piece the live price of MATIC is $0.9239. As per the current accumulation of MATIC by whales it indicates price may surge in upcoming days.

MATIC live price

As per the coinmarketcap data, the live market cap of MATIC is $361,504,687 USD 24-hour trading volume. The  live Polygon price is $0.93049 USD.  In the past 24 hours, Polygon has increased by 2.56%. With a current market cap of $8,062,206,164 USD. It has a maximum quantity of 10,000,000,000 MATIC coins and a circulating supply of 8,734,317,475.

MATIC price 1 day chart

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.