Wallets that received millions of dollars worth of MATIC from Ethereum (ETH) layer-2 (L2) scaling solution Polygon sent these assets to exchanges.
By Polygon’s ecosystem development wallet MATIC sent 2 out of 70 addresses He transferred his assets to the stock exchanges. Reported by on-chain analysis platform Lookonchain to data according to 28 November wallets activated on the day, cryptocurrency exchange $14.8 million to Binance worth 20 million MATIC transferred.
Of the wallets in question:0xFEf8BWhile there is no MATIC left after the transfer in the one named “0x0B9aC” is still in the other wallet. $3.1 million worth 4.2 million MATIC is available.
Polygon’s ecosystem development wallet aims to stimulate growth 16 November to 70 addresses in total per day $199 million worth 217 million MATIC He distributed it. During the distribution process in question, the MATIC price is approximately $0.94 level, but after these massive transfers around 23% MATIC losing value for $0.72 decreased by .
Even shortly after deployment, 70 wallets 32 of them, in total by turning to cryptocurrency exchanges $75 million worth 82.3 million MATIC He had invested in Binance, OKX, Coinbase and Bitfinex.