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Whale Transfers 9.8M+ MATIC to Binance; Potential Price Drop?

Published 18/07/2023, 11:58
Whale Transfers 9.8M+ MATIC to Binance; Potential Price Drop?

  • Whale Alert tweeted today that a whale sent more than 9.8 million MATIC to Binance this morning.

  • The whale tracking firm also revealed that an unknown wallet received $11.4 million worth of MATIC from Polygon Staking today.

  • Technicals suggested that MATIC’s price may fall below the crucial support at $0.7515 in the next 24 hours.

The price of Polygon (MATIC) may drop in the next 48 hours given that a whale transferred more than $7.4 million worth of the Layer-2 cryptocurrency to Binance earlier today. According to a tweet from Whale Alert, a whale transferred 9,839,786 MATIC to the exchange platform less than an hour ago. It was estimated that the total transfer was worth $7,486,533.

This post followed another tweet made by the whale tracking firm today, which revealed that more than $11.4 million worth of MATIC was transferred from Polygon Staking to an unknown wallet. On-chain data shows that the wallet that was the recipient of this transfer is different from the one that made the transfer to Binance.

The post Whale Transfers 9.8M+ MATIC to Binance; Potential Price Drop? appeared first on Coin Edition.

The post Whale Transfers 9.8M+ MATIC to Binance; Potential Price Drop? appeared first on Coin Edition.

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