Hermez Network, an open source ZK Rollup project, may be selling Polygon (MATIC).
According to information provided by Blockchain analysis platform Spot On Chain, a wallet associated with Hermez Network transferred per unit to the Kraken exchange. from $0.95 in total 3 million MATIC sent.
Polygon, an Ethereum-based layer 2 project, purchased the Hermez project for 250 million MATIC in 2021. The name of the project was updated to Polygon Hermez after this agreement.
According to Spot On Chain’s post, this wallet was purchased from Hermez Network in the last month. 19.8 million MATIC took. still in wallet 16.8 million MATIC worth $16.1 million is available.