Polygon (MATIC) Slumps by 21% in April: Will 115K Whales Spark a May Resurgence?
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- MATIC whales have been accumulating more tokens over the past month, despite the altcoin’s value continuing to decline.
- Despite this accumulation, the price of the token has not seen any rally, with a decline of 21% within the last month.
- Key momentum indicators suggest that the altcoin is oversold, with significant downward pressure on its price.
Despite an increase in whale activity, the price of MATIC continues to fall. This article explores the reasons behind this trend and what it could mean for the future of the token.
Whale Activity Increases but MATIC Value Declines
Over the past month, MATIC whales have been accumulating more tokens. However, this increase in whale activity has not resulted in a rally in the price of the token. According to data from Santiment, the number of MATIC whales holding between 1,000 and 1,000,000 tokens has increased by 2% in the past 30 days. Despi... Read the full article for FREE at COINOTAG!
