![Will Polygon’s [MATIC] bull rally come to a grinding halt? Assessing…](https://i.headtopics.com/images/2023/1/29/cryptoamb/will-polygon-s-matic-bull-rally-come-to-a-grinding-will-polygon-s-matic-bull-rally-come-to-a-grinding-1619494281663627264.webp)
Will Polygon's [MATIC] bull rally come to a grinding halt? Assessing...
revealed that MATIC registered double digit growth last week, which helped it re-enter the top 10 club. At press time, it was trading at $1.14, with a market capitalization of more than $9.9 billion.Santiment pointed out an interesting piece of information, however, that gave an understanding of the reason behind MATIC’s bull rally. According to the tweet, on 25 January, the largest MATIC transfer of 2023 thus far took place, which was followed by a price surge.
MATIC worth $56 million was transferred to a whale address before the price hike. The address already held 585k
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