Hamilton Lane launches tokenized equity fund on Polygon

The investment management company Hamilton Lane, which oversees and manages a total of $824 billion worth of assets, recently established the first of three tokenized funds that it had previously said it would establish in an attempt to broaden the pool of investors who have access to private markets.

Timeline of Polygon

A pseudonymous Twitter account has revealed that a single-wallet address has seen significant gains with Polygon (CRYPTO: MATIC). What Happened: A Polygon whale earned 6,090% gains over a 3-year period with its MATIC holdings.

Key Points: Despite the positive performance of numerous cryptocurrencies this month, Polygon's native currency is set to end January as a noticeable standout. According to Coinmarketcap data, MATIC is up 19.28% in the last week to $1.19, bringing the token's gains in January 53%.

Key Points: An expert who predicted the end of Bitcoin's (BTC) bull market last year is forecasting gains for Polygon (MATIC), a blockchain scaling solution, and Avalanche, a smart contract platform (AVAX). Pentoshi, a pseudonymous expert, informs that MATIC appears bullish and could be preparing for a rise toward a key resistance level.

Polygon's native token, MATIC, and the Mina Protocol token are up more than 18% as the week draws to a close. Their growth would seem to be in harmony with the general market environment, but it could be argued that a number of investors are buying these tokens based on a particular narrative.

An early MATIC whale makes an unexpected move by selling millions worth of tokens amid the massive rise of the asset on the market. In exchange for Polygon's token, the whale grabs some DAI.

Polygon [MATIC] became a hot topic of discussion in the crypto space as its price pumped at an unprecedented rate. CoinMarketCap's data revealed that MATIC registered double digit growth last week, which helped it re-enter the top 10 club.

Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon's (MATIC) bullish trend could be a part of its upcoming zkEVM Network update.

Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today's session, hitting its strongest point in nearly two months.

The token that powers Ethereum scaling solution Polygon's sidechain MATIC has been exploding higher. After having been stuck in a $0.92-$1.05 range for the last few weeks, MATIC surged as high as the $1.12s on Thursday, gaining over 13% on the day, though the rally has since eased off a little on Friday, with the cryptocurrency now trading back just to the south of the $1.10 level once again.

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 27, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.