Polygon (MATIC) is experiencing a significant increase in “large trades” volume and has seen a 2,930% increase in volume over the past 24 hours. MATIC's large trading volume amounted to $163 million.
Altcoin Polygon's (MATIC) Whale Transactions Up 2.930%
The Large Traded Volume indicator, by definition, provides an estimate of the total amount traded by whales and institutional investors on a given day.
Large transactions are defined as transfers of more than $100,000, and an increase indicates that institutional players or whales are actively buying or selling.
Polygon has been on a steady rise since June 29 and has been up for five consecutive days. MATIC, which is down slightly today, rose to a three-week high of $0.721 on July 3rd.
