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November 2, 2023

Whale Movements in Cryptocurrency Market: MATIC and SOL Tokens Transferred

Priya Sharma
Written byPriya SharmaWriter
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.

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Priya Sharma
Priya Sharma
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Mumbai-born Priya is India's rising star in the realm of online casino guides. With a knack for fusing traditional Indian gaming narratives with cutting-edge digital dynamics, she's an essential bridge between classic and contemporary gaming for a vast Indian audience.

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