Polygon Foundation Whale Moves $MATIC to #Binance 💦🐳

A wallet linked to the #Polygon Foundation has been steadily transferring MATIC tokens to Binance. 👀 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. 😖

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

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