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Polygon: new investors take the wheel, while long term investors are…
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Polygon made a significant impact within the crypto space this year both in the spot market as well as the DeFi market. Even so, the network has been witnessing a lot of its Long-term Holders turning impatient over the month and they cannot really be blamed given MATIC’s price action. So could this be just the opportunity for STHs to gain footing in the Polygon space?
So the month of November witnessed the most movement from Long term holders (LTHs). Even though the most selling occurred in April, the numbers this month have been significantly higher than average.
Due to this almost $100 billion days have been consumed in November alone.
Polygon LTHs selling | Source: Santiment – AMBCrypto
Now, this could also be the result of MATIC’s
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