A wallet linked to the Polygon Foundation has made another significant move, depositing 5 million MATIC ($2.65 million) to Binance from the address 0xbb17df03eda64cef6246956fcdc173fa5ab42751.
Here's the backstory:đ
April 8, 2023: The Polygon Foundation's wallet released 45 million MATIC (worth $49.6 million at $1.1 each) to wallet 0xbd6f1014e110ac97bb5ba7383b8f559ec1ff35fd.
Of this, 17 million MATIC was quickly deposited to Binance on April 11, 2023, at an average price of $1.083 ($18.4 million).
The remaining 28 million MATIC was staked with Polygon Staking, later being gradually unstaked to wallet 0xbb17df03eda64cef6246956fcdc173fa5ab42751 for CEX deposits.
Recent activity from wallet "0xbb1":
It has unstaked 16.64 million MATIC and deposited 11.165 million MATIC to Binance at an average price of $0.54 ($6.03 million).
Over the past two days, 10 million MATIC ($5.24 million) was deposited at an average price of $0.524.
Current Holdings in Wallet "0xbb1":
5.49 million MATIC ($2.91 million) available for future CEX deposits.
13 million MATIC ($6.89 million) currently staked with Polygon.
