Let’s take a look at which altcoin project Polygon whales, one of the on-chain detectives, bought the most recently. SHIB and Dogecoin were struggling to hold higher on February 8. We have compiled WhaleStats data and analysis within Cryptokoin.com readers.
Instead of SHIB or DOGE, Polygon whales accumulate POLYDOGE
Polygon-based meme token project PolyDoge (POLYDOGE) is the top-buying cryptocurrency by whales today. POLYDOGE has today surpassed its metaverse project Bloktopia (BLOK) by transaction volume, according to WhaleStats data. According to the on-chain viewer, simultaneous spikes were seen with these activities. The largest 1,000 Matic wallets are worth an average of $1.84 million and hold an average of 50,560 MATIC and nine different tokens. Polygon is one of the most successful and trusted Ethereum scaling solutions in the market. According to WhaleStats data, PolyDoge currently ranks seventh among the top ten cryptocurrencies of Polygon whales.
At the time of writing, the Shiba Inu (SHIB) has been holding over 20% gains in the last 23 hours, up almost 50% from last week. The meme-based cryptocurrency is trading at $0.000033 at the time of writing. For comparison, Dogecoin price has held steady 2% over the past 24 hours and is in the $0.159 region. Let’s continue with the short PolyDoge and price action.
PolyDoge and trend analysis in brief
According to the project’s official website, PolyDoge aims to build the largest community in Polygon. The meme token says it offers its holders a wide variety of fun interactions in the form of NFT, apps, airdrop, and access to different DeFi platforms. According to CoinMarketCap data, the meme token, which is trading at the 3,000th place, is recording simultaneous increases in whale activities.
Quite interestingly, the price of PolyDoge is up 4.8% today. The meme token project, which was launched in September, was accompanying the rise as Shiba brought its last 24-hour earnings to 20%. The highlight of the WhaleStats data is that the top thousand Polygon whales continue to accumulate PolyDoge. Thus, even leaving the meme crypto Bloktopia (BLOK) in the entry, it became the largest accumulation of whales in the last 24 hours.
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