{"id":290292,"date":"2023-02-12T13:00:17","date_gmt":"2023-02-12T07:30:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=290292"},"modified":"2023-02-12T11:01:33","modified_gmt":"2023-02-12T05:31:33","slug":"did-matic-whale-sentiment-shift-amid-super-bowl-nft-minting-spree","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/did-matic-whale-sentiment-shift-amid-super-bowl-nft-minting-spree\/","title":{"rendered":"Did MATIC whale sentiment shift amid Super Bowl NFT minting spree?"},"content":{"rendered":"<ul>\n<li><em>Polygon\u2019s OpenSea daily volume soars after Super Bowl NFTs go live.<\/em><\/li>\n<li><em>MATIC limits its downside as top addresses resume accumulation.<\/em><\/li>\n<\/ul>\n<p>Super Bowl season is here and the excitement is already tricking into the blockchain industry. <a href=\"http:\/\/ambcrypto.com\/polygons-defi-space-shows-increased-promise-how-will-matic-react\/\">Polygon<\/a> is capitalizing on the hype as well as available opportunities through a mega NFT mint.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/matic-network-profit-calculator\" target=\"_blank\" rel=\"noopener\">Polygon Profit Calculator<\/a><\/p>\n<hr \/>\n<p>Polygon recently announced that it has minted more than 1 million Super Bowl NFTs.<\/p>\n<p>Notably, we have seen a substantial increase in MATIC\u2019s involvement in the NFT segment in the last few months. An unsurprising outcome considering that the network demonstrated its interest in tapping into the NFT segment in the past.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Over 1 million <a href=\"https:\/\/twitter.com\/Reddit?ref_src=twsrc%5Etfw\">@Reddit<\/a> Super Bowl NFTs minted <a href=\"https:\/\/twitter.com\/hashtag\/onPolygon?src=hash&amp;ref_src=twsrc%5Etfw\">#onPolygon<\/a><\/p>\n<p>Claim yours before the big game \ud83c\udfc8\ud83d\udc47\ud83c\udffd<a href=\"https:\/\/t.co\/1BPiBUJ92r\">https:\/\/t.co\/1BPiBUJ92r<\/a> <a href=\"https:\/\/t.co\/rbP5NH8mkY\">pic.twitter.com\/rbP5NH8mkY<\/a><\/p>\n<p>&mdash; Polygon | POL (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1624164879169904641?ref_src=twsrc%5Etfw\">February 10, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Perhaps the biggest question is how this foray into NFTs has affected the Polygon network and the demand for MATIC.<\/p>\n<p>Initial reports reveal that the network registered its highest daily NFT trading volume on <a href=\"http:\/\/ambcrypto.com\/polygon-on-opensea-reaches-a-new-milestone-in-terms-of-volume-but\/\">OpenSea<\/a> at $11.4 million. There is no official word on whether this surge in NFT trading volume is linked to the Super Bowl NFTs but that is likely the case.<\/p>\n<figure id=\"attachment_290296\" aria-describedby=\"caption-attachment-290296\" style=\"width: 1422px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT.jpg\"><img decoding=\"async\" class=\"wp-image-290296 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT.jpg\" alt=\"Polgon daily NFT volume on OpenSea\" width=\"1422\" height=\"720\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT.jpg 1422w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT-300x152.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT-1024x518.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATIC-NFT-768x389.jpg 768w\" sizes=\"(max-width: 1422px) 100vw, 1422px\" \/><\/a><figcaption id=\"caption-attachment-290296\" class=\"wp-caption-text\">source: Twitter<\/figcaption><\/figure>\n<p>While the above represents the volume on OpenSea, things are a bit different on-chain. Polygon\u2019s total <a href=\"http:\/\/ambcrypto.com\/polygon-outpaces-ethereum-in-nft-transactions-but-challenges-loom-ahead\/\">NFT trades volume<\/a> on-chain metric reveals a surge in activity on 10 February.<\/p>\n<p>However, the total volume on that particular day is still lower than its current monthly high.<\/p>\n<figure id=\"attachment_290295\" aria-describedby=\"caption-attachment-290295\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023.png\"><img decoding=\"async\" class=\"wp-image-290295 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023.png\" alt=\"Polygon NFT trades count and volume\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.06.09-11-Feb-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-290295\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>The total NFT trades count metric demonstrates a similar observation. This means that on-chain NFT activity on the Polygon network is within the normal range.<\/p>\n<h3><strong>Will MATIC\u2019s slowdown be short-lived?<\/strong><\/h3>\n<p><a href=\"http:\/\/ambcrypto.com\/polygon-continual-disruption-could-influence-matics-q1-heres-how\/\">MATIC<\/a> peaked at $1.35 earlier in the week, before a 9% pullback fueled by SEC FUD. This downside was, however, limited, indicating that MATIC is still holding on to relative strength.<\/p>\n<p>Its press time price of $1.24 represented a slight gain in the last 24 hours. Thus, confirming that the bears have not managed to secure dominance.<\/p>\n<figure id=\"attachment_290294\" aria-describedby=\"caption-attachment-290294\" style=\"width: 1432px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36.png\"><img decoding=\"async\" class=\"wp-image-290294 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36.png\" alt=\"MATIC price action\" width=\"1432\" height=\"608\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36.png 1432w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/MATICUSD_2023-02-11_17-23-36-768x326.png 768w\" sizes=\"(max-width: 1432px) 100vw, 1432px\" \/><\/a><figcaption id=\"caption-attachment-290294\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>MATIC managed to pull off a 79% uptick at its recent weekly high, from its January lows. This means the crypto token is still holding on to the title of one of the best gainers among the top cryptos from the current 12-month highs.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">\u00a0 \u00a0 \u00a0How many are 1,10,100 MATICs worth today<\/p>\n<hr \/>\n<p>Furthermore, looking at the data, one can conclude that MATIC bulls are poised to maintain their dominance for a while longer.<\/p>\n<p>The current sentiment especially among MATIC whales is bullish overall. This is based on an analysis of the supply distribution. All the top address categories from 100 to 10 million MATIC have been accumulating in the last 24 hours.<\/p>\n<figure id=\"attachment_290293\" aria-describedby=\"caption-attachment-290293\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023.png\"><img decoding=\"async\" class=\"wp-image-290293 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023.png\" alt=\"Polygon MATIC supply distribution\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/Polygon-on-Polygon-MATIC-17.29.17-11-Feb-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-290293\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>Well, the current sentiment favors the bulls based on the above observation. Despite this observation, there is still room for a sudden market shift, which may push the market toward the bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon\u2019s OpenSea daily volume soars after Super Bowl NFTs go live. MATIC limits its downside as top addresses resume accumulation. Super Bowl season is here and the excitement is already tricking into the blockchain industry. Polygon is capitalizing on the hype as well as available opportunities through a mega NFT mint. Is your portfolio green?<a href=\"https:\/\/ambcrypto.com\/did-matic-whale-sentiment-shift-amid-super-bowl-nft-minting-spree\/\">Continue reading <span class=\"sr-only\">&#8220;Did MATIC whale sentiment shift amid Super Bowl NFT minting spree?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":63,"featured_media":290297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1266],"class_list":["post-290292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Did MATIC whale sentiment shift amid Super Bowl NFT minting spree? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Super Bowl season is here and the excitement is already tricking into the blockchain industry. 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