Crypto whales bought 120 million MATIC worth $90 million

Ali on X:  $MATIC whales have been on a buying spree, scooping up over 120 million #MATIC in the past week – that's a hefty $90 million investment! 

On November 29, 2023, crypto analyst and trader Ali Martinez posted on X that crypto whales had been buying 120 million MATIC. The price of MATIC on Nov 29 is about $0.76.

MATIC analysis.

When we look at the valuation of Polygon (MATIC). Polygon is less valuable than Solana, Cardano, Tron, and Avalanche.

Fully diluted market cap of smart contract cryptocurrencies.

1. Solana’s fully diluted market cap is $36.742 billion.

2. Cardano’s fully diluted market cap is $17.986 billion.

3. Avalanche’s fully diluted market cap is $16.220 billion.

4. Tron’s fully diluted market cap is $8.059 billion.

As of December 3, 2023.