The price performance of MATIC since the beginning of the year has been considerably strong as the token has gained a noteworthy amount of value thanks to significant buying power that came from whales and large investors. Another large transaction occurred recently as an anonymous whale moved almost $8 million worth of the token to Binance.
As the on-chain data suggests, the whale has been continuously accumulating MATIC as time has gone by. His address received a total of 153 million MATIC, with the average receiving price at $1.16, which would technically make the whale's position unprofitable if he decided to realize his loss now.
(By Arman Shirinyan)
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