Over the past week, MATIC has witnessed a decline of 13.3%, and the token is currently struggling to undergo an upsurge. This surge signifies a remarkable 742% increase.Īs regulatory uncertainties continue to cast a shadow over the industry, market sentiment has been negatively impacted, resulting in widespread selling pressure and price declines for various digital assets.Īt present, Polygon’s market cap stands at $7 billion, and according to Coinmarketcap data, its native token MATIC is trading at $0.7856.
In the last 24 hours, the Polygon network has witnessed a significant surge in transactions surpassing $100,000, amounting to an impressive $64.44 million, as reported by IntoTheBlock, a specialized firm analyzing on-chain data. These sizable transactions are often seen as a glimpse into the actions of whales within the cryptocurrency market and provide insights into the strategies they are developing. The surge in large transactions on Polygon is a noteworthy signal of the approaches adopted by these investors, given the regulatory uncertainties confronting the industry. The exchange also created a list that marked Polygon as a security. This increase in activity appears to be linked to a lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance and Coinbase. Polygon (MATIC) has recently seen a surge in substantial transactions, attracting the attention of market observers who are speculating about the motives and actions of cryptocurrency whales. Polygon’s MATIC Token Faces Decline Amid Regulatory Scrutiny MATIC, too has caught up in trouble, dropping by over 13% in just under a week. The crypto industry has been severely impacted by the SEC’s recent actions on crypto exchanges, Binance and Coinbase. Join Our Telegram channel to stay up to date on breaking news coverage
0 kommentar(er)
