A wallet, believed to be linked to Alameda Research, recently made significant moves involving $POL tokens received from the Polygon Foundation.
Yesterday, the wallet deposited all 8.68 million $POL (valued at $6.19 million) into FalconX, marking the latest in a series of notable transactions.
The wallet originally received these tokens, then valued at $3.2 million, from the “Polygon Ecosystem Growth” wallet on November 15. Since then, the price of $POL—previously known as $MATIC—has surged by approximately 106%, reflecting strong market performance.
In a related development, Alameda Research finalized its $POL deposits to Wintermute Trading today. Around 12 hours ago, the firm transferred the last 9.14 million $POL tokens, worth $6.63 million, to the trading platform.
Alameda Research Completes $POL Deposits to Wintermute Trading
About 12 hours ago, #Alameda Research deposited the last 9.14M POL ($6.63M) to Wintermute Trading. pic.twitter.com/76TrBFndTS— EyeOnChain 🔶 (@EyeOnChain) December 5, 2024
Over 15 Million $POL Tokens Moved By Alameda Research
Over the past 16 days, Alameda Research has methodically deposited the entire 15.639 million $POL tokens it received from the “Polygon Ecosystem Growth” wallet. At the time of receipt, these tokens were valued at $5.79 million, making their current valuation a testament to Polygon’s significant market rally.
These transactions highlight Alameda Research’s active role in managing its crypto assets and leveraging market opportunities. The 106% price increase of $POL during this period underscores Polygon’s growing appeal within the blockchain and DeFi ecosystems.
A wallet that received $POL from the #PolygonFoundation deposited all 8.68M $POL ($6.19M) to #FalconX just 4 hours ago.
The wallet initially received these $POL tokens (then worth only $3.2M) from the "Polygon Ecosystem Growth" wallet on Nov 15.
Since then, the price of $POL… pic.twitter.com/DbYAeKWakJ
— Spot On Chain (@spotonchain) December 4, 2024
As Polygon continues its upward trajectory, developments like these emphasize the interplay between major institutional players and the broader crypto market. Alameda Research’s strategic management of its $POL allocation showcases how large-scale investors capitalize on evolving trends in the digital asset space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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