According to data from Santiment, the number of whales holding Polygon (MATIC) tokens has increased over the past month, despite a significant drop in the token's value.
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According to data from IntoTheBlock, Polygon (MATIC) reached a significant point where 31,000 addresses collectively acquired 216.94 million tokens at an average price of $0.73.
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The majority of Polygon's [MATIC] profits from 2023 and early 2024 have been lost. Will the losses be recouped?
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In spite of MATIC's performance in terms of pricing, Polygon continues to lead in a crucial area. In particular, April's non-fungible token (NFT) activity on blockchains powered by the Ethereum Virtual Machine (EVM).
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Recent days have witnessed a spike in turbulence in the always changing cryptocurrency market, making it difficult for popular altcoins like Bitcoin to stay stable. Among them, MATIC, the native token of Polygon, has fallen by almost 2% in the last day alone, demonstrating that it is not immune to the negative impact.
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The X Layer public mainnet has been formally launched by OKX and Polygon.
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The price of Polygon (MATIC) had a sharp drop during the previous 48 hours, potentially ending its two-week downturn.
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