Polygon’s MATIC token witnessed a spike in user activity since Thursday, September 7. There has been a steady increase in metrics that measure user ac
As seen in the chart below, from crypto intelligence tracker Santiment, since September 7, there has been a spike in daily active addresses and volume. Previously, as seen between September 1 and 4, the rise in the two metrics fueled a recovery in MATIC price. Large wallet investors are making moves, without causing a stir in
prices. Whale transfers greater than $100,000 and $1 million have both noted an increase in frequency between September 7 and 10. At the time of writing, MATIC price declined to $0.5165, the lowest level since June 10 intraday low of $0.5088. Polygon’s native token has yielded 2.61% intraday losses and 2.88% losses over the past week.Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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