The rise in the value of Polygon ($POL ) has prompted whales to replenish their supplies: over the past week, they have purchased tokens worth $65 million. This increase has once again sparked optimism regarding the possibility of recovery for the altcoin previously known as MATIC, following its recent losses.

Some investors are cautiously viewing Polygon (POL), believing that the current interest from whales may not be sufficient to sustain the growth.

Polygon holders bought an additional 113 million tokens

On November 11, addresses holding from, in total, owned 695.38 million tokens. Over the week (from November 11 to November 18), the number of tokens held in the addresses of large holders (from 10 million to 100 million POL) increased by 22% to 852.14 million.

Over the week, whales added 113 million tokens to their wallets, worth a total of $65 million. Often, whale purchases motivate retail traders to follow their lead, driving the price up and strengthening the upward trend. If interest in POL remains, the token price could soon exceed $0.42.

Additionally, the whale purchases coincided with a growing dominance of bulls, as indicated by the "Bulls and Bears" from IntoTheBlock. $SOL $DOGE