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.
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Anti-Shock