Altcoins Targeted by Crypto Whales for Potential Profit in the Second Week of October 2024
$POL , previously known as MATIC, is the last on the list of altcoins targeted by crypto whales. Since its transition from MATIC to POL, the price of Polygon's native token has continued to dive. This movement has left only 1% of its holders in profit.
However, according to IntoTheBlock, the net flow of large holders was recorded to have skyrocketed from 4.71 million as of October 8 to 47.36 million one day later. This means that a group of crypto whales have added tenfold to their previous holdings to their portfolios.
While that number may have plateaued, this decision seems vital to POL's price movement. If it continues, crypto whales may be able to send the price well above US$0.37. However, this does not guarantee a sustainable increase, especially since crypto whales can stop buying at any time.