MATIC is up 10.5% over the past week, with Polygon (MATIC) leading the gains among the 20 largest cryptocurrencies by market cap.
Short trades in MATIC worth $7.4 million were also liquidated over the past week, according to Coinglass data. Long positions worth $5.1 million were liquidated during the same period.
Despite the strong weekly performance, MATIC is down 69.45% from its all-time high of $2.92 set in December 2021, according to CoinMarketCap.