The content discusses the recent bullish sentiment and increased on-chain activity for MATIC, the native token of Polygon. It mentions that some whales have eased off selling pressure while others continue to take profits. MATIC’s price has increased by 18% from its August lows and it has bounced off the oversold zone, indicating a potential rally. The article also highlights Polygon’s commitment to the Ethereum network and the recent accumulation by whales. However, there is still selling pressure from whales holding over 1 billion MATIC coins.
AI Sentiment: Positive