Polygon has declined by 6% during the past day as whales have shown signs of selling. The asset has also been flipped by Dogecoin in market cap.
Highlights
- Polygon has declined by 6% during the past day as whales have shown signs of selling.
- The asset has also been flipped by Dogecoin in market cap.
- MATIC has performed even worse than its peers during past week.
- In the last seven days, MATIC is now down about 13% for comparison, Bitcoin is also down about 7%.
- Polygon hit a peak during the middle of February but has since been observing a constant downtrend.
- It has lost its market cap list spot to DOGE after being overtaken by the meme coin, as the below table shows.
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This trader was down $3m at one point on this leveraged short, now currently up $9.5m