While the crypto money markets were overshadowed by many negative news flows, large trading companies began to transfer their assets to the stock markets.
Provided by the on-chain analytics platform Lookonchain data whales in large numbers Polygon (MATIC) transfers to the stock markets. The first transaction on significant transfers is cryptocurrency market maker Cumberland came from the front.
to Cumberland accounts known to belong to $6.3 million worth 9 million MATICsi to Binance and 3.5 million dollars worth 5 million MATICTransferred to Coinbase. Analysts approx. 10 million dollars interpreted this move in value as the whale’s pre-sale preparation.
On the other hand, some analysts said that whales made these sales and that the last drop was one of the main reasons He suggested that these were sales.
Shortly after these Robinhood, Jump Trading And Cumberland another whale associated with 9.4 million MATICsTransferred to stock exchanges. While interpreted as selling in this transaction, the most damaged person from the last drop from assets one of MATIC it happened.
The U.S. Securities and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase, including MATIC. 19 different cryptocurrencies is located.
According to CoinGecko data, in the last 24 hours 26.5% depreciation MATIC, at the time of writing from $0.577 is being traded.