Only one entity is behind the seven new stakers on Polygon Network, but is it really a problem?
In order to keep the funds more manageable and distributed, the entity most likely decided to create numerous wallets for staking a large amount of tokens. Previously, MATIC was an object of interest to whales and large retail investors.
The biggest amount received by the anonymous entity is 57 million MATIC.Despite the surge in buying power on the market, MATIC is not performing better than the majority of other digital assets. The price of the token returned to the same level we saw three months ago despite the massive price spike in November.
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