Mithat Can Kartlaşmış 
According to recent data obtained from Spot On Chain, a major wallet has transferred 3 million MATIC tokens to the Kraken Exchange. The analysis reveals that the value of the transferred MATIC is approximately 2.85 million dollars.
Despite this deposit, there are still about 16.8 million MATIC in the wallet, valued at over 16 million dollars.
The particular wallet’s association with a ZK roll-up network acquired by Polygon in 2021 has sparked speculation about whether this deposit signals the start of a sell-off or is a one-off occurrence.
Volume Increase at Polygon
A look at the Polygon volume in the last 24 hours on CoinMarketCap reveals nearly 8% increase. A more detailed analysis of the volume trend in the last two days on Santiment shows that the volume has reached levels not seen in weeks.
As of February 16, the volume has risen to about 640 million dollars, reaching the highest level since January 13. At the time of writing this article, the volume was around 395 million dollars, indicating a significant increase in MATIC trading volume in the past few days.
While occasional downtrends are apparent in the Polygon daily price chart, an ongoing uptrend is evident. Despite these fluctuations, the most pronounced uptrend in recent weeks appeared on February 16.
MATIC experienced an increase of 6.85% and closed trading at around $0.95. This price level hasn’t been reached since about January 11, and MATIC then experienced a significant downturn. At the time of writing this article, it was trading at around $0.94.
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