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November 2, 2023

Whale Movements in Cryptocurrency Market: MATIC and SOL Tokens Transferred

Ethan Williams
Written byEthan WilliamsWriter
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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Ethan Williams
Ethan Williams
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Ethan Williams, a lively 24-year-old lad from the UK, brilliantly fuses his passion for online casinos with top-notch English localisation, creating bespoke casino guides for Britain's keen gaming lot.

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