- Polygon EIP 1559 went live on January 18.
- Polygon intends to commit $100 million to new development investments.
The whales are stockpiling despite the general crypto market’s sharp declines. Three distinct transactions totaling roughly three million MATIC tokens were logged by WhaleStats, bought by the whale in 297th place among the platform’s top 1000 ETH wallets. On January 24, MATIC’s price fell to a recent low of $1.30 before surging to over-sold levels. It now stands at $1.72, up more than 5.57% in the last 24 hours.
Read More: Polygon Price Prediction
This morning, the mystery bidder conducted a $1,660,149 transaction for 1,00,090 MATIC tokens, according to the blockchain data tracker. Within an hour, another 845 778 and 1,159 995 MATICs for $1,403,991 and $1,925,592 were exchanged.
🐋 An ETH whale just bought 1,000,090 $matic ($1,660,149 USD).
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 28, 2022
Ranked #297 on WhaleStats: https://t.co/WXSG9vh0FC
Transaction: https://t.co/4Wp1swc8hW#ethereum #whalestats
🐳 An ETH whale just bought 1,159,995 $matic ($1,925,592 USD).
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 28, 2022
Ranked #297 on WhaleStats: https://t.co/WXSG9vh0FC
Transaction: https://t.co/eZqah4I4S4#ethereum #whalestats
Polygon EIP 1559
According to WhaleStats, MATIC is also one of the top ten most frequently purchased and exchanged cryptocurrencies. To ensure compatibility with Ethereum’s Proof of Stake, Polygon EIP 1559 went live on January 18 and incorporated the fee and burn procedures. According to Polygon, the PoS block size has been reduced from an average of 20MB to 10MB.
It was just reported that YouTube Gaming President Ryan Wyatt would be joining Polygon Studios as CEO. The network’s non-fungible token (NFT) arm has been termed Polygon Studios. To support the work of its recently launched subsidiary studio, Polygon intends to commit $100 million to new development investments over the period of next three years.
According to CoinMarketCap, the Polygon price today is $1.72 USD with a 24-hour trading volume of $1,229,282,273 USD. Polygon has been up 5.57% in the last 24 hours.
