Polygon zkEVM: Whales Juggling Polygon (MATIC) Ahead Of zkEVM Launch

Polygon (MATIC) price is pumping hard ahead of the launch of its much anticipated zero-knowledge Ethereum Virtual Machine (zkEVM). Polygon prices have surged by a massive 65% over the past 30 days. However, the data depicts that crypto whales are on an accumulation spree and looking forward to the rollout.

Polygon Tops trend Among Whales

As per the On-Chain data, crypto whales have been caught moving millions of Polygon (MATIC) across the exchanges. Whales went on to move around 19 million MATIC (approx worth $28.3 million) over the past 24 hours in multiple transactions.

However, the single large transaction recorded by the tracker has been on moving around 4.76 million MATIC (approx worth $6.82 million). The transaction was carried from the Binance crypto exchange to Bitfinex.

Whale data depicts that Polygon (MATIC) stands on the tally of almost every trade among the top 100 Ethereum (ETH) whales carried. MATIC stands at the list of top 10 tokens purchased by the biggest whales in the last 24 hours. While it is also on the tally of the most used smart contract among the same whales. Read More Polygon (MATIC) News Here…

Beorn On Buying Spree

WhaleStats reported that ETH whales tagged as Beorn bought around 7 million MATIC (approx worth $10.2 million) in multiple transactions. However, the whale went on to accumulate 4 million MATIC (approx worth $6 million) in a single scoop.

Meanwhile, an address named Falconx went on to move $6.4 million worth of 4.37 million Polygon in a single transaction. However, a whale was caught shifting 4.379 MATIC from the wallet to Polygon.

On the market side, Polygon price have surged by over 5% in the last 24 hours. MATIC is trading at an average price of $1.53, at the press time. Its 24 hour trading volume is up to stand at $1.15 billion.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]