Bitcoin and altcoins were hit hard by the FTX crash. One of the most affected altcoins in this crisis was undoubtedly Solana (SOL). However, the SOL price drop is making the BNB whales collect in a big way. Also, whales confuse the 59M MATIC when turning Polygon Solana.
Solana is among the altcoins bought by whales
According to WhaleStats, Solana (SOL) has once again become one of the top-bought altcoins by the biggest BNB whales in the past 24 hours. According to the data, the average buy size among the top 100 investors in this group is 60 SOL ($1,010). In addition to Solana, meanwhile, BNB whales had an interest in DOGE. However, they buy in smaller volumes.
The whale purchase came at a time when the SOL price recovered from its March 2021 low. cryptocoin.comAs you follow, the altcoin rose from $12.34 to $17.8. It showed a relative increase of 45%. However, the current increase does not yet cover even a third of the drop that Solana has seen following the FTX collapse.
Latest status of SOL among the most falling altcoins
The SOL price took investors on a rollercoaster ride. Official Solana sources seem to focus more on the performance of Blockchain. Earlier, the Solana Labs team presented a thread explaining the current state of the blockchain. Accordingly, Solana currently has 3,621 nodes operating and 2,160 validators with 11.5 million active accounts. After Hetzner’s departure, some of the Solana validators will be migrated to Google Cloud as part of an official partnership.
MATIC is back to its price before FTX crashed
Polygon (MATIC) was down over 20% earlier this week. However, it survived the devastating FTX crash that spread across the entire crypto market. Before the collapse of FTX, MATIC was trading around $1.10 on major exchanges. However, after the FTX debacle, MATIC crashed along with other altcoins in the market. MATIC dropped as low as $0.78 late Wednesday, according to data from Coinecko.
Interestingly, the altcoin rose to its price before the unfortunate event occurred. Accordingly, after the market recovered from the troubles of FTX, MATIC recorded a sharp recovery. By the way, yesterday MATIC took the position of the 10th largest cryptocurrency by market capitalization from Solana.
MATIC is among the altcoins bought by whales
Several factors contributed to Polygon’s great rally. Over the past few days, MATIC has caught the interest of whales as whales move large amounts of cryptocurrencies. According to Whale Alert, Polygon whales have carried 59,809,478 MATICs worth $60.4 million in the last 24 hours. Yesterday, an anonymous whale transferred 26,649,286 (26.64 million) MATIC to an unknown wallet. At the time of the transaction, the cryptocurrencies were worth approximately $29.67 million.
Also, 5 million units of MATIC ($5.62 million) were withdrawn from a Bitfinex address to an unknown wallet.
During the day, 8,160,192 MATIC transfers were made from Binance to a Crypto.com address. Whale Alert said the fund was worth $8.8 million at the time.
In addition, an anonymous whale has withdrawn 10 million MATIC ($10.79 million) from Binance. Also, an anonymous Polygon whale transported 10 million MATICs worth $10.83 million over the Polygon Plasma Bridge.
At press time, MATIC is down 6.2% in the last 24 hours to trade at $1.03. Because the FTX bankruptcy is pulling the market down again.
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