Whales continue to accumulate Polygon (MATIC) while the price keeps going up

According to WhaleStats, the big Ethereum whales continue to buy large amounts of Polygon (MATIC), while the coin is up more than 26% in the past two days and has gained about 70% in total since the start of the week.

15M Polygon (MATIC) bought by ETH whale as price rises 26% in past 3 days

WhaleStats reported that in the past 24 hours, the whale known as “BlueWhale0072” made two transactions, acquiring 10,000,000 and 4,723,190 MATIC. Altogether, these two purchases are worth $8.7 million.

Whales have been actively acquiring MATIC over the past six weeks since the beginning of May. That way, they demonstrated a 9% increase in their wallet balance holdings from 100 million to 1 billion tokens.

This is MATIC’s biggest accumulation since November. Over the past week, the token has demonstrated a spike of nearly 70%, and in the past two days, it has added more than 26% to its price.

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