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Billionaire Mark Cuban's wallet gets rid of MATIC tokens
Now on the balance of the wallet, marked as Mark Cuban 3, there are only 16 MATIC tokens left, as well as other crypto assets worth just over $3,000. As a result of the event, the price of MATIC fell by 5% in the last hours of the day and on the evening of Tuesday, December 26, was trading at $0.89.
As of the end of May 2021, when the businessman bought 2.5 million MATIC tokens from Polygon Ecosystem Growth, they cost him more than $4 million. If Mark Cuban decides to sell his holdings on the spot market at the current price, then his position in MATIC will be unprofitable , and revenue will be no more than $2.5 million.
Such a massive one-time withdrawal of assets to the spot market could be a consequence of Mark Cuban’s position in relation to the actions of the US Securities and Exchange Commission (SEC), which included MATIC in the list of unregistered securities.
#matik
$MATIC $POLS
Now on the balance of the wallet, marked as Mark Cuban 3, there are only 16 MATIC tokens left, as well as other crypto assets worth just over $3,000. As a result of the event, the price of MATIC fell by 5% in the last hours of the day and on the evening of Tuesday, December 26, was trading at $0.89.
As of the end of May 2021, when the businessman bought 2.5 million MATIC tokens from Polygon Ecosystem Growth, they cost him more than $4 million. If Mark Cuban decides to sell his holdings on the spot market at the current price, then his position in MATIC will be unprofitable , and revenue will be no more than $2.5 million.
Such a massive one-time withdrawal of assets to the spot market could be a consequence of Mark Cuban’s position in relation to the actions of the US Securities and Exchange Commission (SEC), which included MATIC in the list of unregistered securities.
#matik
$MATIC $POLS
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Blockchain company accused Polygon team of suspicious transfers
According to blockchain activity tracking company ChainArgos, several suspicious transfers were made from Polygon wallets to exchanges.
This led researchers to believe that the Polygon team did not follow through with its original token distribution plan.
According to analysts, there is a “vesting contract” that mechanically unblocks all flows. They exist separately from the foundation contract that administers the fund and appropriations. ChainArgos highlighted discrepancies in the outflow of funds under contracts.
In addition, researchers discovered suspicious movements in a wallet that received about 340 million MATIC from the fund. It is also noted that another 130 million MATIC was received from the insider wallet to the same wallet. According to ChainArgos, the largest withdrawal identified was from a wallet associated with Plasma-Bridge, as well as two other anonymous wallets.
ChainArgos noted that another 178 million MATIC were sent from one of the untagged wallets to Binance, with the last transfer taking place on May 23, 2021.
#Matic #MATIC/USDT #Polygon #PolygonPOL #matik
$MATIC
According to blockchain activity tracking company ChainArgos, several suspicious transfers were made from Polygon wallets to exchanges.
This led researchers to believe that the Polygon team did not follow through with its original token distribution plan.
According to analysts, there is a “vesting contract” that mechanically unblocks all flows. They exist separately from the foundation contract that administers the fund and appropriations. ChainArgos highlighted discrepancies in the outflow of funds under contracts.
In addition, researchers discovered suspicious movements in a wallet that received about 340 million MATIC from the fund. It is also noted that another 130 million MATIC was received from the insider wallet to the same wallet. According to ChainArgos, the largest withdrawal identified was from a wallet associated with Plasma-Bridge, as well as two other anonymous wallets.
ChainArgos noted that another 178 million MATIC were sent from one of the untagged wallets to Binance, with the last transfer taking place on May 23, 2021.
#Matic #MATIC/USDT #Polygon #PolygonPOL #matik
$MATIC
