Delisted MATIC Price Plummets as Whales Dump Tokens
MATIC Token Sell Off Over the past 15 hours, a prominent whale with links to Robinhood, Jump Trading, and Cumberland has conducted sizable MATIC token transfers across multiple exchanges. The total deposited amount stands at a significant 9.4 million MATIC tokens, with 9 million going to Binance and 5 million tokens to Coinbase. These transactions indicate substantial whale and institutional activity, suggesting a potential coordinated effort to sell off MATIC holdings. The influx of MATIC tokens onto exchanges by whales and institutions has coincided with a noteworthy price decline. In just 16 hours, the price of token has dropped by approximately 29%. The large-scale selling pressure generated by the deposited tokens has resulted in a swift depreciation of value. Adding to the already concerning scenario, Whale Alert has reported a substantial transfer of 46,908,173 MATIC tokens, worth approximately $32,595,499, from BinanceUS to an unknown wallet. Recommended ...