A cryptocurrency analyst has explained that Polygon could be on the brink of a major move due to a pattern in an on-chain indicator. Polygon Whale Transactions Have Shot Up Recently In a new post on X, analyst Ali has pointed out how the whales have shown a notable surge in activity on the MATIC network recently. The relevant indicator here is the “whale transaction count,” which keeps track of the total number of Polygon transfers happening on the blockchain that exceed a value of $100,000. When the value of this metric is high, it means that the a large amount of such transactions are taking place right now. Such a trend is a sign that the whale entities have an active interest in trading the cryptocurrency. Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price? On the other hand, the indicator being low implies the whales are potentially not paying much attention to the asset currently, as they aren’t making too many moves. Now, here is a chart that shows the trend ..
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 On Brink Of Major Move, Here’s Why){kind=link}