POL token surges 9.3% as whale activity increases.
Significant Binance and OKEx transfers boost POL’s bullish outlook.
In a market subdued by slow activity, Polygon’s native token, POL (formerly MATIC), has emerged as a standout performer. The token recently reached a 12-day high of $0.4219, recovering from a prolonged bearish phase. As of the latest data, POL is trading at $0.4141, marking a notable 9.3% increase in the past 24 hours. The daily trading volume has surged by 370% since the transition to POL.
POL Price Chart, Source: Sanbase
The recent uptick in POL’s price is accompanied by increased whale activity. Major exchanges Binance and OKEx have seen significant transactions involving Polygon’s tokens. On Binance, two transfers of 200 million MATIC each were recorded, while OKEx processed a transfer of 30 million MATIC. These transactions are valued at approximately $154.3 million and $11.45 million, respectively.
Moreover, On-chain metrics further support
We współpracy z: https://thenewscrypto.com/polygon-native-token-pol-surges-10-amidst-market-slump/
