- Polygon Whale’s 26M MATIC transfer to Coinbase (NASDAQ:COIN) triggers market fluctuations.
- ADA’s solid performance continues, rising 7% from the weekly low, backed by robust technical indicators.
- Cardano’s ecosystem thrives with a 700% increase in total value, signaling a potential rise to $1 in early 2024.
In a recent development, a Polygon whale transaction has caused ripples through the market. This event unfolded as the whale transferred 26 million MATIC tokens to Coinbase, a cryptocurrency exchange.
10,000,000 #MATIC (7,777,230 USD) transferred from unknown wallet to #Coinbasehttps://t.co/fXhG36J2wk— Whale Alert (@whale_alert) December 20, 2023
The transaction, comprising three parts, began with a transfer of 10 million MATIC tokens, quickly followed by another 9 million, and culminated with a final transfer of 7 million tokens. This movement not only demonstrates the whale’s substantial influence but also marks a pivotal moment for Polygon’s native token.
MATIC’s Market Response and On-Chain Analysis
Following this sizeable shift, MATIC’s value experienced notable fluctuations. Despite a temporary dip to $0.75, the cryptocurrency demonstrated resilienc…
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