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

Ashish Kumar
February 19, 2023 Updated May 20, 2025
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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.

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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…

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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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
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]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.