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Polygon’s MATIC Surges Over 23% Amid Strong Whale Activities

Manoj Nair




The crypto segment is in a state of flux and all attention is on BTC, ETH. However the whales are making their moves and Polygon’s native crypto MATIC is going great guns.

MATIC Price Swell By 23%

MATIC Prices have swelled by 20% and at press time the asset was trading at 21% up at a price of 0.501011 with a market cap of $3.9 billion. The latest surge in MATIC prices comes amidst concerted efforts by Whale accumulation in the past six weeks. As per On-chain data provider Santiment the Whales have been highly active in the last three weeks. As per the data provider holders fom 10K to 10m has surged and added 8.7% to their coffers.

Courtesy: Santiment

Polygon Attains Carbon Neutrality Milestone

One of major factors which is helping the surge of the Polygon hosted coin is the fact that the Blockchain network has achieved carbon neutrality and this has endeared itself to investors. Polygon has not stopped with this achievement but has partnered with KlimaDAO as part of its environmental initiative.

Polygon has announced that it has purchased carbon credits worth $400,000, representing 104,794 tones of greenhouse gasses and equals the platform’s entire carbon Debt since the beginning of 2019 when it came no existence

Polygon co-founder Sandeep Nainwal talked about the environmental crisis which is facing the world and it is the duty of the blockchain sector to contribute in alleviating the crisis and this is a small step in this direction. Achieving carbon neutrality is the first step in a task which is going to be long and arduous. Polygon will lead the way as the whole industry moves toward becoming a net positive for the environment.

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