Bitcoin and the crypto markets have taken a turn to the upside, so does that mean altseason is coming? The top three coins scooped up by Polygon whales during the dip may surprise you.   Whales can move the market (Do Kwon with his Bitcoin Bazooka has proved that lately), and what they hold can potentially […] The post The Top Three Coins Held By Polygon Whales Might Surprise You appeared first on CryptosRus.

The Top Three Coins Held By Polygon Whales Might Surprise You

Bitcoin and the crypto markets have taken a turn to the upside, so does that mean altseason is coming? The top three coins scooped up by Polygon whales during the dip may surprise you.  

Whales can move the market (Do Kwon with his Bitcoin Bazooka has proved that lately), and what they hold can potentially be an indicator for whats a relatively safe best to invest in. However, we typically only focus on whales moving Bitcoin off of exchanges and what the top Ethereum whale wallets hold. Why not take a look at the top Polygon whales?

Polygon has really taken over the L2 space for Ethereum scaling, so for investors looking for smaller plays, it might be a good idea to check out what the Polygon whales are holding. It’s pretty obvious that whales have more insider information than retail investors, so let’s take a look at the top three holdings of Polygon of the 100 largest Matic wallets.

3. Nitro League ($NITRO)

This one definitely comes in as a surprise to me. The $NITRO token is the native token for Nitro League, a decentralized play-to-earn racing game.

The Polygon whales hold almost $30 million dollars worth of $NITRO. There really hasn’t been too many racing focused crypto games speculated to launch soon, so maybe Polygon whales are anticipating Nitro League to succeed because of this. Another potential reason Polygon whales hold a lot of $NITRO is because of its unique way to solving current problems in play-to-earn ecosystems. That being said, there are plenty of other projects looking to do the same things, so why did they choose $NITRO?

2. GensoKishi Metaverse ($MV)

Another surprise, as Polygon whales hold over $50 million of GensoKishi Metaverse tokens.

The project has not yet launched, and is a metaverse GameFi project. The project has an interesting background though, being that it will be a new version of a pretty popular Japan online game, Elemental Knights.

1. Quantum Tech Gaming ($QUANTUM)

The number one token held by the top 100 Matic wallets is $QUANTUM. Polygon whales hold over $65 million worth.

Quantum Tech Gaming will be a blockchain gaming platform built on Polygon similar to something like Vulcan Forged or ImmutableX. The token just launched, and the team plans on launching their NFT market place and the first game in Q2 of 2022.

The top three coins held by Polygon whales are definitely surprising. But there is a theme here. The whales are interested in smaller cap metaverse and gamefi play-to-earn projects. We all know how games like decentraland, sandbox, and axie infinity did last year, so maybe they are onto something. Or maybe not, do your own research to see if these Polygon whales are actually investing in promising projects, or if this is all just some sort of mirage.

 

 

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