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Digital asset analytics company IntoTheBlock found that large holders own 88% of Polygon’s (MATIC) offering. This is a project for scaling the Ethereum network, designed to enable large-scale implementation of decentralized applications on the mentioned blockchain.
Crypto Insights experts consider large holders as entities that account for at least 0.1% of MATIC’s circulating resources. If there are 6,872,890,164 MATIC tokens in circulation, 0.1% is 6,872,890 MATIC in the amount of $ 19.58 million.
Analysts at IntoTheBlock, in turn, add that 100% of MATIC investors are currently in profitability status, as Polygon soared to a new all-time high of $ 2.90.
In terms of token retention time, 77% of addresses held MATIC for between one and 12 months, and only 21% held a token for less than one month. 2% of addresses are MATIC hodlers for more than one year.
If we talk about the deposits and withdrawals of MATIC on crypto-exchanges, then over the past seven days, market participants have deposited MATIC on crypto-exchanges in the amount of $ 708.34 million, while the outflow or withdrawal of funds over the same period amounted to $ 618.24 million.
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