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Alpha Radar: MATIC's Price Action and Stablecoin Movements

Key Insights from Today’s on-chain behavior

  • MATIC has seen more volatility in price action following its partnerships with Web2 companies and integration with Magic Eden
  • Even though stablecoin exchange flow shows that more users are withdrawing from CEXs, Smart Money wallets have made considerable deposits of stablecoins into CEXs in the past day

Smart Money Overview

Smart Money Token Inflows

  • $3.5m increase in aXSUSHI holdings for Smart Money wallets in the past 24H
    • The increase was attributed to Farmer X: 0x36 supplying 2.1m XSUSHI to Aave as collateral,...