A major investor bought 3 million Polygon (MATIC) during the recent market crash.
According to data obtained by WhaleStats, a whale, ranked 297th among the top 1000 ETH wallets, has purchased approximately 3 million MATICs in three separate transactions. MATIC price slumped to its lows of 1.30 on Jan. 24 before jumping to an oversold bounce. At the time of writing, MATIC was trading at $1.61, up 2% in the last 24 hours.
According to blockchain data tracker, the mysterious buyer has executed the first major transaction worth 1,000,090 MATIC ($1,660,149). Two more transactions worth 1,159,995 and 845,778 MATIC tokens ($1,925,592 / $1,403,991) were made within an hour. .
MATIC is also among the 10 most purchased tokens and the most traded tokens at the time of writing, according to WhaleStats.
Polygon Announces New Milestones
Polygon EIP 1559 went live on January 18th, keeping Polygon fully compatible with Ethereum while introducing Proof of Stake fee and burn mechanisms. Ryan Wyatt, who works at YouTube, recently announced that he will be leaving the video sharing platform to join Polygon Studios as CEO.
Polygon Studios is the gaming and NFT arm of the network. Polygon (MATIC) plans a $100 million investment in projects led by its subsidiary studio, which was launched in July.
39060
