Polygon (MATIC) Whales Suddenly Move Over $200,000,000 in Crypto As Markets Consolidate

Two large Polygon (MATIC) whales are moving the mammoth pile of MATIC this week as the crypto market consolidates.

On Monday, an unknown wallet transferred 55 million MATIC worth more than $45.3 million to another unknown wallet, according to the crypto-tracking platform. whale alert.

Then, later in the day, a third unknown wallet forwarded 196 million MATIC worth $158 million in fourth unknown wallet.

MATIC is trading at $0.799267 at the time of writing. The 14th largest crypto asset by market capitalization is down 4.7% over the past 24 hours.

In July, Polygon, an Ethereum (ETH) scaling solution, deployed a zero-knowledge proof (ZKP) technology that is fully compatible with the Ethereum Virtual Machine (EVM) called zkEVM.Project this week announced Launch of Polygon zkEVM Public Testnet, the first open source zkEVM network.

Polygon whales weren’t the only ones making big moves earlier this week. whale alert.

And later that day, a second unknown purse Sent 22 million XRP worth more than $10.75 million has been given to cryptocurrency exchange Bitstamp.

XRP is trading at $0.49 at the time of writing. The sixth-largest crypto asset by market capitalization is down more than 6% over the past 24 hours.

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