Polygon Whales Engage in a Shopping Spree, Acquiring $90 Million Worth of MATIC, According to Trader Reports

Crypto Whales Flock to Polygon (MATIC) with $90 Million Investment

Cryptocurrency analyst and trader Ali Martinez reports a significant surge in activity among deep-pocketed investors acquiring the Ethereum (ETH) scaling solution Polygon (MATIC). In the past seven days alone, crypto whales have collectively purchased a staggering 120 million MATIC, reflecting a substantial $90 million investment.

At the time of writing, MATIC is trading at $0.76, showing a slight increase in value over the past 24 hours.

Chainlink (LINK) Witnesses Surge in Whale Transactions

Turning attention to the blockchain oracle provider Chainlink (LINK), Martinez observes a notable uptick in activity as whale transactions soar. In the most recent development, LINK experienced its largest spike in whale transactions for the year, with over 2,600 transactions surpassing $100,000 each.

As of the latest update, Chainlink is trading at $14.38, marking a 1.6% decrease in the last 24 hours.

Dogecoin (DOGE) Eyes a Potential Breakout with a 68% Increase

Looking at the memecoin Dogecoin (DOGE), Martinez suggests a potential significant breakout with the possibility of a more than 68% increase from its current value. Analyzing the weekly chart, DOGE faces a crucial hurdle at $0.087, marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week EMAs (exponential moving averages).

Breaking past this barrier could pave the way for DOGE to nearly double its price, aiming for a target of $0.14. As of the latest data, Dogecoin is trading at $0.0830, indicating a 3.1% increase in the last 24 hours.

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