|

MATIC price posts explosive gains as whales scoop up the Ethereum scaling solution’s tokens

  • Large wallet investors accumulated 3.5 million MATIC tokens through the recent crypto bloodbath. 
  • MATIC price has maintained its uptrend amid rising geopolitical tensions, posting 11% gains overnight. 
  • Analysts have a bullish outlook on MATIC prices and predict the Ethereum scaling solutions uptrend. 

Large wallet investors holding Ethereum have scooped up MATIC in the recent altcoin price drop. The altcoin is one of the most purchased cryptocurrencies by Ethereum whales. 

Analysts predict a continuation of MATIC uptrend 

Prices of most cryptocurrencies tumbled with the Russian-Ukraine war. Altcoin prices plunged in response to the crisis, wiping out gains from the past two weeks. 

Proponents have noted that MATIC price started the week with positive gains before posting a drop. The Russian-Ukraine standoff triggered a massive drop in altcoin prices. Large wallet investors on the Ethereum network accumulated scaling solution MATIC’s token through the bloodbath. 

Crypto data aggregator WhaleStats noted that three of the top 1,000 Ethereum whale addresses accumulated the Ethereum scaling solution. The whale 'Kvothe' scooped up 2,700,000 MATIC tokens. The purchase of $3.4 million signaled massive accumulation by large wallet investors, indicative of a price rally in altcoin. 

Whales purchased MATIC and LINK, adding to their altcoin portfolio. MATIC has played a key role in the Web3 ecosystem with the spike in the number of decentralized applications and projects. 

FXStreet analysts evaluated the MATIC price trend and predicted that the altcoin would double its losses if it continued its downtrend. 

Analysts at the YouTube channel Invest and Trade with Jaxx predicted a bounce in MATIC price at $1.5. Analysts believe that the next resistance for MATIC price is at $1.60. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

XRP consolidates above $2.00 as on-chain and derivatives activity decline

Ripple (XRP) is trading sideways above support at $2.00 at the time of writing on Tuesday. Recovery has remained elusive despite steady inflows into spot Exchange Traded Funds (ETFs), which have cumulatively attracted $1.23 billion.

Privacy coins set to take the lead in 2026 as regulation accelerates demand for on-chain anonymity

The segment of privacy coins outperforms the broader cryptocurrency market, with a roughly 290% rise in 2025. The rising user count on the cryptocurrency tumbler Tornado Cash amid regulatory pushes, such as the 2025 GENIUS Act, reflects a surge in demand for privacy.

Crypto Today: Bitcoin, Ethereum build breakout momentum, XRP lags amid mild ETF inflows

Bitcoin has risen, stepping above $92,000 at the time of writing on Tuesday, reflecting mild price increases across the crypto market. The leading altcoin by market capitalisation, Ethereum, is also edging higher above $3,100, while Ripple remains stable above support at $2.00.

Bitcoin extends gains amid fresh ETF inflows, Strategy boosts accumulation

Bitcoin price trades above $92,000 on Tuesday after finding support around a previously broken horizontal channel pattern. US-listed spot ETFs recorded a fresh inflow of $116.67 million on Monday, while Strategy added 13,627 BTC, highlighting growing investor confidence.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.