Polygon (MATIC) Whale Transactions Jump 2,930% as Price Nears Key Level

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Polygon (MATIC) Whale Transactions Jump 2,930% as Price Nears Key Level
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.0xPolygonDevs Polygon (MATIC) price approaches critical point as whale activity skyrockets 2,930% MATIC $MATIC

data, Polygon is seeing a massive spike in its large transaction volume, recording a whopping 2,930% increase in the last 24 hours. MATIC's large transaction volume comes in at $163 million.

Polygon has been on a steady rise since June 29, marking the fourth consecutive day of being in green. MATIC rose to a three-week high of $0.721 on July 3 before receding slightly, where it trades now. . Polygon Labs researchers set out to investigate the cause and suggest solutions to the community after the network had a few extended block reorgs earlier this year, hurting user experience and chain stability.

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