Are Polygon (MATIC) Investors Staying in the Red or Anticipating a Rebound?
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Only 8.2% of Polygon addresses can currently sell their MATIC at a profit. Will the bearish trend continue? 88% of MATIC Holders ‘Out of the Money’ A significant majority of Polygon addresses are currently in a loss position, with approximately 88% of them facing potential losses if they were to sell their MATIC tokens at the current market price. In & Out The Money by IntoTheBlock Conversely, only about 8.22% of addresses would generate a profit, while approximately 3.58% would break even. Read More: Best Upcoming Airdrops in 2023 The Total Number of Polygon Addresses Is Still on an Upward Trend
Blockchain analytics site Lookonchain flagged recent transactions of two on-chain addresses allegedly owned by the Polygon Foundation. The platform reported that one of these wallet addresses had transferred large amounts of MATIC – the Polygon network’s native token – to Binance in the past two days. According to Lookonchain, the…
Polygon (MATIC) price is among the first few altcoins to officially note a downtrend, and at the rate at which MATIC is falling, losing $1 may not be far from happening. The power to prevent this sits in the hands of investors alone. Here is how. Polygon Price Decline Continues…