MATIC Whale Triggers 20% Rally With $56 Million Transfer
- Blockchain analytics firm Santiment highlighted a $56 million MATIC transfer from earlier this week.
- The whale’s transfer triggered a massive rally pushing the token over 20% in the following days.
- The rally has led to the token’s trading volume reaching a 10-week high.
MATIC, the native token of Ethereum’s most popular scaling solution Polygon, has seen a massive rally over the past few days. The token has gone from $0.94 to $1.13 within a span of 72 hours. Blockchain analytics firm Santiment tweeted the details of a whale transfer earlier today that most likely triggered the rally.
On Wednesday, the largest $MATIC transfer of the year occurred just prior to this +20% pump. This address had already been holding 585k #Ethereum as well. Often times, just one or a few …
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