Polygon’s Whale Activity Soars as MATIC Prepares for Major Upgrade
Polygon, a leading layer-2 solution that enhances the Ethereum blockchain with faster transactions and lower fees, has recently experienced a surge in large transaction volumes. This increase highlights heightened interest from major investors. According to data from IntoTheBlock, Polygon’s MATIC token saw $58.25 million in large transactions over the past 24 hours, marking a staggering 16,263% rise from the previous day. Large transactions are defined as those exceeding $100,000, reflecting substantial trading by whales and institutions.
This spike in whale activity coincides with anticipation for Polygon’s significant upgrade, transitioning from MATIC to POL, scheduled for September 4. At the time of writing, MATIC’s price had risen by 6% in the last 24 hours, reaching $0.445, signaling growing investor confidence.
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Terra Classic Community Aims to Restore USTC Peg with New Developer Bounty
The Terra Classic (LUNC) community is actively working to restore the USTC stablecoin to its $1 peg, with recent rallies indicating potential market volatility. A $250,000 bounty has been announced for developers who can create a robust solution to stabilize the USTC stablecoin, with future rewards potentially exceeding $1 million. This initiative seeks solutions that ensure stability, security, transparency, and scalability, aiming to establish a secure and decentralized system with incentives to maintain the peg.
Developers are required to submit detailed whitepapers, with selected proposals undergoing community review and governance voting. Recently, an analyst predicted a 405% growth in Terra Classic’s price, targeting $0.00042986, highlighting the potential for significant price movement as the USTC peg is restored.
Conclusion
As Polygon gears up for its major upgrade, Terra Classic pushes forward with its ambitious plans, and Qubetics offers a chance to engage in innovative blockchain technology, now is an exciting time to consider your next move in the crypto space. Don’t miss out on the Qubetics Whitelist, which offers early access to promising investment opportunities. Secure your spot, stay informed, and position yourself for success in the evolving world of cryptocurrency.
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