Whale Moves Massive SOL and MATIC Holdings, Price To Rally?

According to market data revealed by Whale Alert, one of the world’s leading blockchain trackers, an unknown wallet transferred a whopping 282,695 SOL to another address on Binance.

In addition to this, another colossal whale movement caught the eyes of traders and investors, transferring a whopping 47,000,000 MATIC tokens in total to the centralized crypto exchange Coinbase.

Whale Reshuffles Millions of MATIC Tokens

According to the market data revealed by Whale Alert, an unknown wallet, 0xCD531Ae9EFCCE479654c4926dec5F6209531Ca7b, transferred 20 million MATIC tokens to another address, 0x8298c308Aec5F085b41EEE5849261ADd6A64B745, on Coinbase, as of today November 2.

In a series of transactions, the same wallet, 0xCD531Ae9EFCCE479654c4926dec5F6209531Ca7b, transferred another 27 million MATIC tokens to an address linked on Coinbase, amassing 47 million MATIC tokens in total.

Apart from this, another whale movement caught the eyes of investors, transferring 37,101,422 MATIC from one Unknown wallet, 0xD11b5CB1E37397133dEf48c3A871b0Fdd539FE33, to another, 0xCD531Ae9EFCCE479654c4926dec5F6209531Ca7b.

The recent whale transactions seem to come in alignment with the recent price surge experienced by MATIC, Polygon’s native cryptocurrency token. The Matic Network recently announced plans to rebrand itself as Polygon, following which the token took a breather. Subsequently, as of writing, the MATIC token price surged by 6.75%, reaching 0.6734 as of today. Furthermore, the trading volume also witnessed a tremendous 55.98% surge, while the market cap witnessed marginal gains and was up by 6.79%.

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Whale Transferring SOL Tokens

According to the data revealed, an unknown wallet, 3ADzk5YDP9sgorvPSs9YPxigJiSqhgddpwHwwPwmEFib, transferred a whopping 532,694 SOL tokens to another address on Binance, the world’s largest cryptocurrency exchange.

In a series of transactions, the same wallet made two massive whale transfers to Binance. The first transaction transferred 249,999 SOL tokens amounting to $10,799,103, while the second transaction, made on the same day, transferred 282,695 SOL tokens equivalent to $11,969,243.

The aforestated whale transfers come in alignment with the recent SOL price soar. According to market charts, the Solana price was up by 10.82% over the past 24 hours. With trading volume showing a massive increase of 138.42%, investors and traders are keenly observing the token’s prospects.

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