The price of Polygon (MATIC), one of the largest blockchain projects in the cryptocurrency space, may be falling as a large amount of coins are intermittently deposited to the exchanges.
The price of Polygon, one of the 15 largest cryptocurrencies, is on a weekly basis, according to TradingView data up about 7%.
by Spot On Chain to those transferred according to Polygon Foundation An address associated with was transferred to the Binance exchange recently. 9 million MATIC ($7.75 million) deposited. After this transaction, it was observed that the MATIC price experienced a short-term decline.
In the last 5 days, the average amount per unit of a total of 2 wallets associated with Polygon Foundation has been transferred to Binance. from $0.85 in total 15.5 million MATIC It was announced that he sent.
Spot On Chain, “MATIC price experienced a slight decrease after each deposit.” said.
According to DappRadar data, Polygon considers smart contracts, number of decentralized applications (dApps), value of assets held in decentralized finance (DeFi) applications, number of transactions, NFT and dApp volume. third largest blockchain are listed as.
