9 Million MATICS Sent To Binance, Want To Be Selled?

JAKARTA One of the most Polygon (MATIC) cryptocurrency owners is reported to have sent 9 million MATIC (equivalent to the world's largest crypto trading platform, Binance.

Based on Lookonchain data, the delivery was carried out by the crypto wallet address 0xaac22b3c17d3b31c6d0d7a9bdd7a797c40339. The address sent more than 9,000 MATIC coins to Binance. The address is reported to have regularly purchased MATIC according to Etherscan data.

The whale's address has received a total of 153.4 million US dollars in MATIC crypto, with an average receipt price of 1.16 US dollars per coin. The position of this whale is deteriorating compared to the current price (USD 0.863).

With its development, MATIC is a token of interest to whales and big investors in recent months. In addition, Polygon network activity has also increased significantly, especially in relation to NFT.

NFT trading in the Polygon marketplace does not appear to be affected by the decline in the crypto market that occurred in this bear market phase. The number of Polygon's NFT marketplace trading has reached its all-time high in December 2022.

Starbucks Join NFT on the Polygon Network

The increase in NFT trading cannot be separated from Polygon's partnership with one of the largest coffee chain companies from the US, Starbucks. On December 12, Starbucks launched a campaign titled Starbucks Odussey that offers its consumers the prize of Polygon-based NFT, with the theme Journey Mark.

Not only that, Starbucks is also developing the NFT marketplace in collaboration with Polygon. The MATIC token has experienced significant development after a partnership with Starbucks.

It doesn't stop there, Polygon has agreed to provide blockchain technology for Starbucks' NFT. Polygon Studios CEO Ryan penuh, also announced the start of a collaboration with Warner Music Group that day. The agreement will result in the development of streaming platforms and centralized gatherings.

At the time of writing, MATIC coins are trading at Rp13,203. In the past week MATIC has increased by 9 percent, according to Coingecko data.