According to monitoring by on-chain analyst Yu Jin, the whale address degentradinglsd3.eth, which is bullish on MATIC, bought 3.97 million MATIC (US$2.92 million) through Binance today, with an average price of about US$0.74.

This address withdrew 9.94 million USDC from Coinbase on June 21, transferred 5 million USDC to Binance today, and subsequently withdrew 3.97 million MATIC.