Polygon Foundation has moved 15.49 million MATIC ($8.1 million) to Binance in 5 days.
The entity’s MATIC holding came from a contract in April 2023, Spot On Chain said.
Polygon Foundation still has 13 million MATIC ($6.78 million) left staked.
The Polygon Foundation, the group behind the Ethereum scaling network Polygon (MATIC), has transferred a whopping $8.1 million in MATIC tokens (16.49 million MATIC) to Binance, the world’s largest crypto exchange, over the past five days. The wallet still holds a substantial 13 million MATIC.
As per the data from Spot On Chain, the Polygon Foundation’s wallet is currently staking 13 million MATIC tokens, valued at $6.78 million. It’s worth noting that all of the entity’s MATIC came from a contract in April 2023 when the price was $1.1. At the time of writing, a single token is priced at $0.5227, down 2.3% in the past 24 hours, according to CoinMarketCap data.
A wallet linked to @0xPolygonFdn deposited 15.49M $MATIC ($8.1M) to #Binance in the past 5 days!
Currently, the wallet still has 13M $MATIC ($6.78M) under staking. All of the wallet's $MATIC originally came from the Polygon Foundation contract in April 2023,…
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