MATIC Soars 70% This Week as Whales Show Highest Accumulation Since November

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MATIC Soars 70% This Week as Whales Show Highest Accumulation Since November
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$MATIC whale balances have reached the highest since November as the token has soared 70%. IntotheBlock

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This week which is about to end, MATIC has outperformed the rest of the cryptocurrency market. Over the past few days, the price has increased by 51 percent. The tweet also states that over the past 6 weeks, wallets holding between 100 million and 1 billion MATIC haveby roughly 9 percent. This has been the largest accumulating of the token since November last year.

Aside from this accumulation, as covered earlier by U.Today, the reason for the massive price increase has been the recent partnership of Polygon and KlimaDAO, which let the former to acquire $400,000 worth of carbon credits, thus reaching carbon neutrality.

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