Polygon (MATIC) has experienced a surge in bullish momentum, with the cryptocurrency jumping 6% in the past day. On-chain data reveals that whales are currently highly active, which may indicate volatility in the market. The chart demonstrates MATIC’s rally over the last 30 days, and the coin has reclaimed the $0.80 level for the first time since July. The whale transaction count has been at its highest level since July, with over 161 transactions per day. The accumulation of MATIC by whales and sharks since October 24th suggests their buying activity has supported the rally. Monitoring the supply of these key holders in the coming days may indicate their profit-taking decisions. The article acknowledges the author’s background and interests.
AI Sentiment: Positive
