Polygon MATIC hits over $2.20, rising above 25%

Polygon Matic hit a new all-time high of over $2.20, rising by over 25%, and almost 100% of its holders are now in profit.

IntoTheBlock shared data showing that almost all holders of Polygon tokens are in profit with 99.22% of positions staying open in profit.

In addition, Polygon Matic is currently moving in the uptrend that started on November 19 and lasted until now. Moreover, the crypto has been moving in the rangebound since its most recent all-time high reached on May 18.

According to reports, the percentage and volume of positions trading at a profit, loss, or breakeven shows a large number of holders in profit is being considered a bullish indicator, while the losing bulk is a weak sign for an asset.

According to CoinMarketCap, Polygon is trading at $1.98 with a 24-hour trading volume of $3,500,953,731 at the writing time. This means Polygon is down 2.94% in the last 24 hours. The crypto is currently ranking #18 on CoinMarketCap with a live market cap of $13,903,985,767. Moreover, Polygon has a circulating supply of 7,021,682,963 MATIC tokens.