Polygon (MATIC)

Polygon’s performance in 2024 and before is in a downtrend. As seen today, Staking for MATIC has dropped to 35% and the price is 26.5% down in a month.

Despite the negative fundamentals and technicals, MATIC is in the bucket of crypto whales.

As seen on Santiment, Polygon;s addresses of 100,000 to 1 million tokens increased, and the number of addresses holding between 10 million to 100 million.

This is anticipated that the whales are bullish over the upcoming migration of MATIC to POL which is scheduled to be on September 4 2024.

At the time of writing MATIC is $0.404 with 1.25% in 1 day. Despite all this, the asset price stays unimpacted$MATIC