Posted 2/17/2024, 6:30:00 PM
MATIC Price Sees Minor Correction As $2.85 Million Moved to Exchange Amid Anticipated Price Crash
- 3 million MATIC tokens worth $2.85 million moved from a Hermez Network wallet to the Kraken exchange, potentially signaling an intention to sell
- Crypto analysts anticipate a significant price correction for MATIC, though a bullish impulse could follow
- MATIC price has declined 1.3% to $0.9218 over the past week after gaining 10%
- Polygon's proof-of-stake network reached a new ATH of 845,350 daily active addresses on February 16
- Daily transaction volume on Polygon has dropped to 3.8 million, down from 16.4 million on November 16, 2022