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 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.
In addition, users can use stMATIC coins indexed to Polygon price in various DeFi applications and in various places. As Kriptokoin.com, 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.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.