Posted 12/27/2023, 3:54:41 AM
MATIC Soars 12% as Whales Accumulate, Mark Cuban Transfers Spark Sell-Off Fears
- Polygon's native token MATIC rose 12% while Bitcoin and Ethereum declined
- Whales have been accumulating MATIC, increasing holdings by 25% in the past month
- Mark Cuban transferred $2.8 million of MATIC to Coinbase, leading to sell-off concerns
- However, MATIC trading activity has jumped 180% with volumes hitting $1.9 billion
- Analyst Ali Martinez says MATIC is on the verge of a breakout above $0.96 which could reach $1.73