- 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.
Source: https://coinedition.com/matic-whale-triggers-20-rally-with-56-million-transfer/