Data from CoinMarketCap shows a recovery in a handful of altcoin projects following yesterday’s market crash inspired by Bitcoin’s plunge to $39,650. In the meantime, whales do not sit idle and continue to collect token altcoins from the drops.
Big investors buy the dips of these altcoin projects
At press time, Ethereum is up 6.10% to $3,228, while Binance Coin (BNB) is 8.74%, Terra (LUNA) 6.39%, Dogecoin (DOGE) 6.15%, Polygon (MATIC) 15.16% and Near Protocol (NEAR) 19.29% were among the top 100 cryptocurrencies. Polygon MATIC is currently $2.32, with investors positive news of the Associated Press launching the NFT market on Polygon Blockchain. As reported by
Kriptokoin.com , Polygon has announced the debut of Plonky2, a recursive SNARK that it claims is 100x faster than existing alternatives and is natively compatible with Ethereum. As it is known, big investors often use bottom periods to accumulate their favorite tokens. Major investors have purchased tokens such as Polygon (MATIC), Convex Finance (CVX), Chainlink (LINK), and Fantom (FTM) in the past 20 hours, according to WhaleStats data.
WhaleStats reports four major MATIC operations by whales. Most recently, an Ethereum whale bought 1,149,996 MATIC ($2,495,491 equivalent). Another ETH whale, ranked 614 on WhaleStats, bought 7,137,000 MATIC ($15,415,920). An Ethereum whale bought 500,000 FTM ($1,110,000) while another whale ranked 130th on WhaleStats bought 46,000 LINK ($1,263,160) to join the whales attacking their prey.