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November 2, 2023

Whale Movements in Cryptocurrency Market: MATIC and SOL Tokens Transferred

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

According to market data revealed by Whale Alert, significant whale movements have been observed in the cryptocurrency market.

Whale Movements in Cryptocurrency Market: MATIC and SOL Tokens Transferred

MATIC Token Transfers

An unknown wallet, 0xCD531Ae9EFCCE479654c4926dec5F6209531Ca7b, transferred a total of 47 million MATIC tokens to Coinbase. The transfers were made in two transactions, with 20 million MATIC tokens sent to address 0x8298c308Aec5F085b41EEE5849261ADd6A64B745, and an additional 27 million MATIC tokens sent to another address linked to Coinbase. These transfers coincide with the recent price surge of the MATIC token, which has seen a 6.75% increase in value and a 55.98% surge in trading volume.

SOL Token Transfer

In a separate whale movement, an unknown wallet, 3ADzk5YDP9sgorvPSs9YPxigJiSqhgddpwHwwPwmEFib, transferred a significant amount of 532,694 SOL tokens to Binance. This transfer aligns with the recent price increase of Solana, with a 10.82% surge in the past 24 hours and a 138.42% increase in trading volume.

These whale transfers highlight the growing interest and activity in the cryptocurrency market. Investors and traders are closely monitoring the prospects of these tokens, as they continue to make significant moves.

About the author
Emily Tremblay
Emily Tremblay
About

Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

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