- The current yield for MATIC holders is 2%, a worrisome low for investors.
- Whales control 74.79% of the total MATIC supply.
According to data from IntoTheBlock, Polygon (MATIC) has seen a sharp decline in profitability, with only 2% of holders currently making a profit. This is the lowest percentage ever recorded, indicating that most investors are facing losses until market conditions stabilize.
The current MATIC price range is between $0.36 and $0.40, leaving many holders in a difficult position. At that price level, approximately 7 billion tokens are held by 8,830 addresses, which further explains the pull and tug that most holders are facing.
Source: IntoTheBlock
Whale dominance in play
The concentration of tokens held by whales is one of the major sentiments that generally influences MATIC market dynamics. The distribution of Polygon’s ownership structure indicates that large market players hold 74.79% of the total supply.
Typically, large whale ownership leads to greater price volatility, making the market very unpredictable for small retail investors.
The dominance of these whales suggests that the market is subject to short-term volatility, as they supply in large quantities and can move the market with just a few trades.
For retail investors, this high concentration sends a risk signal of liquidity and potentially huge price volatility. 
Source: IntoTheBlock
Similarly, AMBCrypto analysis of Coinglass liquidation map data indicates that MATIC saw a surge in liquidations between the $0.37 and $0.40 address range.
This suggests that prices in this area may fluctuate for some time before showing significant changes.
Source: Coinglass
What’s next for MATIC holders?
With only 2% of holders profiting and whales dominating the market, the outlook for MATIC still paints a bleak picture.
Is your portfolio green? Check out the MATIC Profit Calculator
With the aforementioned high whale concentration, if the price continues to fluctuate between $0.36 and $0.40, huge price swings can occur.
Retail investors will have a hard time navigating the choppy waters as assets battle market pressures.