The few months toward the end of 2022 brought devastating events in the crypto industry. With the collapse of the FTX crypto exchange, chaos erupted in the crypto markets. Prices of almost all the crypto assets took a hit. Also, the negative contagion effect sprung up within the crypto space as the number of investors who lost funds on the platform kept increasing.
However, the beginning of this new year shows signs of a positive dawn for most crypto assets. The crypto market has started seeing some green performance. For instance, MATIC has shown impressive performance by soaring on the chart.
Increased Trading Volume For MATIC
Recently, crypto whales are showing more interest in MATIC due to upward price movements in the coin this year. The 24-hour trading volume for MATIC sits at over $376 million, showing a surge of 174.80% and implying increased interest in the token.
An anonymous whale was reported to have transferred MATIC tokens worth approximately $8 million. The transfer was
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