PANews reported on August 26 that Spot On Chain monitoring showed that a wallet associated with the Polygon Foundation deposited 15.49 million MATIC tokens worth about $8.1 million into Binance in the past five days. Currently, the wallet still has 13 million MATIC (about $6.78 million) in pledge. All MATIC tokens originally came from the Polygon Foundation's contract, and the transfer took place in April 2023, when the price of MATIC was $1.1. It should be noted that MATIC will be migrated 1:1 to POL on September 4, which has a larger total supply and a different token economic model.