MATIC’s whale activity increased in the past few weeks.
As a result, the token’s market capitalization grew by over 50% in the last three weeks.
Polygon [MATIC] has witnessed a remarkable surge in its price and market capitalization over the past few weeks. While the token’s price traded at price levels last observed in July, its market capitalization has grown by 54% in the past three weeks, according to a recent Santiment tweet.
With #altcoin milestones continuing to fire off, #Polygon has steadily risen back to $0.80 and increased its market cap by +54% in just 3 weeks. And in the past 2 weeks, the key wallets holding 100K-10M $MATIC have supported this rise by accumulating. https://t.co/i7lMmBgRbX pic.twitter.com/dWGXJ8CzOK
— Santiment (@santimentfeed) November 9, 2023
The on-chain data provider noted that this upward trajectory has received significant support from key wallets holding substantial MATIC holdings, ranging from 100K to 10M MATIC, which have been actively
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