BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Polygon MATIC See’s Institutional Interest Surge Over 3,800%

by BlockNews.com Team
November 14, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 2 mins read
A A
#image_title

#image_title

2
SHARES
28
VIEWS
Share on XShare in TelegramShare on Reddit
  • MATIC has seen tremendous price growth lately, rising over 80% in the past month even as the overall crypto market trends down.
  • MATIC’s surge is driven by growing market sentiment, rising institutional interest, and accumulation by key wallets holding large amounts of tokens.
  • Trading data shows spikes in large volume MATIC transactions and major holders accumulating millions in MATIC, underscoring the momentum behind its recent rally.

Polygon’s native token MATIC has seen tremendous growth lately, rising over 80% in the past month. MATIC has continued to climb against the overall market trend. What factors are driving this impressive rally?

🚨 NEWS: Institutional and whale demand for Polygon $MATIC is up 3,800% over the last month.

Can Polygon whales push MATIC above $1 before 2024? pic.twitter.com/d2vjW6TLyG

— BlockNews.com (@blocknewsdotcom) November 14, 2023

MATIC’s Recent Price Performance

MATIC is up over 80% in the last 30 days. It has also charted gains of 8% in the last 24 hours while most other major cryptocurrencies decline. MATIC is currently trading around $0.94.

Growing Market Sentiment

Part of MATIC’s price surge can be attributed to the overall bullish sentiment in the crypto market. As the market recovers from recent lows, interest in Polygon and other Layer 2 solutions for Ethereum has expanded.

Institutional Interest Rising

In addition to market-wide sentiment, MATIC is likely benefiting from growing interest among institutional crypto investors and whales. Trading data shows significant spikes in large volume MATIC transactions.

Key Wallets Accumulating

Further evidence of big money flowing into MATIC – key wallets holding between 100K to 10M tokens have accumulated around 43 million MATIC worth $40 million in recent weeks.

MATIC’s growth has outpaced both Bitcoin and Ethereum over the past month. The expanding use cases for Polygon, rising institutional interest, and accumulation by major holders suggest MATIC’s rally could continue. Its ability to gain against the overall market downtrend highlights its current momentum.

Tags: BusinesscryptoCrypto ExchangeMaticSolana
Tweet1ShareShare
Previous Post

Nasdaq Files for SEC’s Approval of BlackRock’s Spot Ethereum ETF

Next Post

Blockchain.com Navigates Turbulent Crypto Market with $110M Funding Round

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.