Over $3 million worth of MATIC and LINK have been accumulated in the past few days.
MATIC and LINK’s values have increased in the last 24 hours.
As per Lookonchain, on the 20th of December, newly created wallets withdrew 24,860 Chainlink [LINK] tokens, valued at $3.5 million, and 5 million Polygon [MATIC] tokens, valued at $3.13 million, from the Binance [BNB] exchange.
How does this recent accumulation compare to the current exchange flow of these assets?
Polygon and Chainlink see different accumulation pattern
As a result of the above report, AMBCrypto analyzed CryptoQuant for Polygon’s exchange flow, which indicated that the recent accumulation by the new wallet did not counter the substantial inflow.
At the time of this update, MATIC’s exchange flow had remained positive. It was at its highest point in recent days, sitting at 15.4 million.
This signified that a significant amount of MATIC tokens were entering exchanges, overshadowing the volume being accumulated.
Source:
We współpracy z: https://ambcrypto.com/matic-link-post-recoveries-is-this-the-reason-why/
