Polygon’s native token MATIC kicked off this week with a bullish pivot on Monday (12 December) and has been gradually recovering since then. A recent WhaleStats analysis revealed incoming whale demand that may trigger more upside for MATIC.

According to the WhaleStats report, MATIC was among the top 10 tokens that found favor from the 100 biggest ETH whales in the last 24 hours. The observation means ETH whales have been buying MATIC, a move that may lend more strength to the bulls.

(By Michael Nderitu)