- The explosive altcoin of recent times, known for its high-level collaborations, has been flooded by huge whales after making it to the list of “hot” coins for trading volume.
According to data shared by popular whale-watching platform WhaleStats, after MATIC managed to make it into the top ten cryptocurrencies list with the highest trading volume, some top Ethereum whales have started buying large amounts of Polygon’s native cryptocurrency.
Also, MATIC has become one of the most popular smart contracts on the Ethereum chain.
These whales have added 2.5 million MATIC to their wallets
WhaleStats shared the details of two bulk MATIC purchases worth $1,135,264 and $1,430,274. The whales “Bonobo” and “BlueWhale0072”, which have attracted attention with their partnerships recently, bought 1,199,999 and 1,461,354 MATIC tokens for themselves. MATIC currently accounts for 3.15 percent of BlueWhale0072’s portfolio.
A bit after the whale “Bonobo” snatched 1,199,999 coins, equivalent to $1,347,999 on MATIC ApeCoin (APE) also bought. This whale ranks 5th among the top 100 Ethereum investors.
🐳 ETH whale “Bonobo” just bought 1,199,999 $matic ($1,135,264 USD).
Ranked #5 on WhaleStats: https://t.co/EIH4SaZXdR
Transaction: https://t.co/Ay8lmdAnsV#ethereum #whalestats #babywhale #BBW
— WhaleStats (free data on crypto whales) (@WhaleStats) July 29, 2022
Besides these, WhaleStats also reported that MATIC is currently in the top ten cryptocurrencies list with the highest trading volume. The token ranks 6th after FTX Token.
At the time of this writing, Polygon’s native token MATIC is trading at $0.9372 after a 2.60 percent drop, according to data shared by CoinMarketCap.
According to CoinMarketCap data, Plygon (MATIC), which has been trading over 6 percent over the last 24 hours, stands at $0.96 at the time of writing. Having a very productive year in terms of cooperation, MATIC is trading with a 95 percent increase compared to the previous month.
Collaboration with Mercedes Benz Polygon
Daimler South East Asia, part of Mercedes Benz Group, to launch a blockchain-based data sharing platform, Ethereum Layer-2 scaling solution Polygon (MATIC) announced their choice.
Dubbed Acentric, the platform will allow businesses to buy and sell data. Although Acentrik is launched by a Mercedes-Benz partner, the blockchain platform can be used to exchange different data, from insurance information to clinical studies, among others.
Unlike most platforms with similar initiatives, Acentrik’s data is not stored on the blockchain. According to the Ledger Insight study, each dataset is represented by a non-fungible token (NFT), along with a metaverse hash.
Continuing its rise by experiencing bullish developments this year, Polygon announced that it had agreed with Walt Disney in mid-July and had a very impressive rise in price. The only blockchain platform with which Disney cooperated with 6 companies was Polygon.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.