Polygon Foundation Whale Moves $MATIC to #Binance ๐Ÿ’ฆ๐Ÿณ

A wallet linked to the #Polygon Foundation has been steadily transferring MATIC tokens to Binance. ๐Ÿ‘€ In the past five days alone, they've moved 15.49 million #MATIC , worth over $8 million.

This wallet still holds a significant amount of MATIC, with 13 million tokens currently staked. ๐Ÿ˜–

Important Note: Remember that on September 4, there will be a 1:1 migration from MATIC to #POL . ๐ŸŽ‰ This means that the number of tokens will increase, but the value per token will decrease. ๐Ÿ˜‰

What do you think is behind this whale's activity? Are they selling to take profits, or is there something else going on? Let's discuss! DYOR! #WhaleAlert

Source: SpotOnChain