Polygon (MATIC) Gaining Steam Among ETH Whales Ahead Of zkEVM Launch

Polygon News: Polygon (MATIC) is inching towards launching its zero-knowledge Ethereum Virtual Machine (zkEVM) Mainnet Beta by the March 2023 end. This major announcement has helped MATIC to register some impressive gains in the last 30 days. However, Ethereum (ETH) whales have been caught accumulating polygon ahead of the zkEVM launch.
Polygon Gaining Momentum
As per the data provided by the WhaleStats, the Top 5000 ETH whales MATIC holding has spiked to stand at $204.7 million. Polygon is the second largest token held by the biggest 5000 ETH whales after Shiba Inu (SHIB). The mentioned whales are holding around $665 million worth of SHIB as of now.
As we dig in, the top 100 Ethereum whales are holding more than $181 million worth of MATIC tokens. This makes up 3.75% of their total holdings. However, Shiba Inu is still the largest holding among the top 100 ETH Whales. These whales hold $648 million worth of SHIB. This makes up 13.4% of their total holdings.
Data depicts that Polygon stands on the tally of the top 10 purchased tokens among the top 100 ETH Whales. While it is also spotted on the list of top 10 tokens used by trading volume. However, it is on the tally of most used smart contracts by the biggest Ethereum whales. Read More Crypto News Here…
WhaleStats reported a whale named “Saitama” bought $23.34 million worth of 17.16 million MATIC in a single scoop.
Polygon Price has registered a surge of a whopping 39% in the last 30 days. MATIC is trading at an average price of $1.34, at the press time. Its 24 hour trading volume has dropped by 36% to stand at $418 million.
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism