Whales Seize Polygon MATIC Dip; $90M Inflows Hint at Price Recovery

In the ever-volatile world of cryptocurrencies, Polygon's native token, MATIC, witnessed a notable price correction, triggering a flurry of activity from significant investors known as “whales.” These investors took advantage of the price decline, splashing a staggering $90 million into acquiring MATIC tokens, indicating a potential trajectory towards a price recovery.

Timeline of Polygon, Polygon-ecosystem-token

With fundamentals appearing solid and whales signaling confidence through aggressive accumulation, XRP, LINK, and MATIC seem well-positioned to sustain rallies heading into December.

Polygon (MATIC) whales are on a major buying spree, a trend that underscores a bullish trend that only a privileged few are aware of. Polygon (MATIC) Whale Accumulation Trend According to top market analyst Ali Martinez, Polygon whales have acquired as many as 120,000,000 MATIC valued at about $90,480,000 per current market price of $0.754

Developers use Polygon PoS every day to build apps that are reliable, fast, and cost-effective. Whether it's NFT marketplaces or turning real-world assets into tokens, Polygon is crucial.

The City of Lugano has announced a new collaboration with Polygon to offer new innovative crypto services through the MyLugano app. Already today, it is possible to activate the “Assets” section and manage a digital multichain wallet for personal custody.

Polygon (MATIC) price hit a weekly low of $0.70 on Wednesday, November 22, as the crypto markets reacted to the regulatory controversy surrounding Binance. On-chain analytics identify the critical bullish indicators that could shape MATIC's next price move.

Polygon zkEVM Mainnet Beta update is underway and in anticipation of the advancement, the network has released some core information for users in its ecosystem. Polygon zkEVM Upgrade Schedule According to layer-2 protocol, the update of Polygon zkEVM Mainnet Beta infrastructure will occur on November 23 at 13:00 UTC and it is expected to happen

Animoca Brands, Amazon Web Services (AWS), and Polygon Labs announced MoonRealm Express Accelerator, a strategic collaboration to support Web3 builders around the world and accelerate the development of Web3 products and solutions through Animoca Brands' flagship project Mocaverse.

The POLS token closely mirrors the BRC-20 token derived from Bitcoin Ordinals. According to EVM (Ethereum Virtual Machine) data, 18,100 individuals have claimed the token, and only 8.7% of the total POLS supply has been minted so far.

Polygon (MATIC) price reclaimed the $0.90 territory on Nov. 14, bringing its monthly gains to 15%. On-chain and derivatives data analytics identify the critical bullish indicators that could shape MATIC's next major price move.

The crypto market experienced a consolidated weekend as major cryptocurrencies traded sideways, following which the week started trading in the red as the market recorded a correction of approximately 3.5% within the past two days. On the positive side, Layer-2's Polygon token gained significant momentum following the reports of it leading the gaming sector.