Whales Move MATIC and 2 Other Cryptos to Cold Wallet: Rally Ahead?

Quick Summary:

Amid this development, whales demonstrated their long-term commitment to cryptocurrencies like MATIC (recently migrated to POL), INJ, and Render, with a significant portion of their holdings being moved from exchanges to cold wallets.

The crypto market experienced a bullish turnaround in September as investors anticipated a 0.25% rate cut by the US Federal Reserve.

Amid the market expectations of a 0.25% rate cut in the coming FOMC meeting, this whale activity further boosts the bullish outlook on the aforementioned assets.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaIsraelMali

Topics: Price Analysis Polygon MATIC Injective (INJ) Render (RNDR)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 15:39:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22568643

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Main Topics: Crypto

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Year Established: 2017

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News Last Updated: 8 hours ago

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