Price of Polygon Token (MATIC) Jumps by 25% in a Day

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The price of MATIC, the native token of the second level Ethereum solution Polygon, has increased by 24.9% in 24 hours.

The asset is trading at around $0.5, which is approximately 82% below the December 2021 high of $2.88.

The sharp daily growth has occurred against the backdrop of the launch by the team of the project of a new system for identifying DAO participants: Polygon ID.

The solution uses zero-knowledge proof technology, which avoids the transfer of personal data.

Santiment analysts have noted that over the past six weeks, the total assets of MATIC whales (users with balances from 10,000 to 10 million tokens) have grown by 8.7%.