The Whale Who Dumped MATIC on Binance Has These 5 Altcoins! –

The crypto money market has faced major changes in the price of altcoins after the banking crisis in the past weeks. Especially in the last days when whale activities have attracted attention, this MATIC whale carries its altcoin projects to Binance! So what are these altcoins? Here are the details…

This MATIC whale is dumping its assets on the giant cryptocurrency exchange Binance!

A prominent MATIC whale moves its holdings to Binance. The rise of the market along with the banking crisis has awakened many crypto money whales. According to on-chain data, this crypto money whale attracted the attention of investors by moving its Polygon (MATIC) coins to Binance. Whale transferred 1.10 million MATIC, worth $1.21 million in total, to the giant cryptocurrency exchange Binance. With this huge transaction, the eyes of many investors turned to Polygon (MATIC).

The transmitted data reveals that this large MATIC whale has performed large transactions several times before. However, it is also among the data that the whale wallet staked its MATICs on Lido Finance before these last transactions.

On the other hand, the assets held by the whale are also curious by many investors. The MATIC whale, which was among the users who were eligible to receive the BLUR airdrop in the past weeks, transferred all its MATIC coins to Binance. But the whale also has other large altcoin holdings.

The New Prey of Binance Whales These Coins!  Here is the List

The popular MATIC whale has a total of $1.9 million in assets in its wallet. Whale, which includes many altcoin projects in its portfolio, has the most Rocket Pool (RPL) from MATIC. According to the data, the total value of RPL assets held by the whale stands at $875,000. Other altcoins in the whale’s wallet are respectively; FraxShare (FXS) worth 372 thousand dollars, BendDAO (BEND) 264 thousand dollars and DAI 232 thousand dollars.

Whale performs large transactions on Lido Finance

As you know, Lido Finance is a project that allows users to stake digital assets in a liquid way on many blockchains that started with Ethereum. The project, which transfers the stMATIC coin to its users in exchange for the MATIC coins staked on the project, gives the investors using stMATIC a chance to benefit from the staking rewards.

A Guide to Staking How to Stake your Tokens Skytale

In addition, users can use stMATIC coins indexed to Polygon price in various DeFi applications and in various places. As, we have previously reported, Lido DAO offers a similar application for Ethereum. For Ethereum staking, users are waiting for the Shanghai update to go live. With the implementation of the update, which provides benefits such as lower gas fees, many investors will be able to benefit from different features.

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