Of the 217 million MATIC transferred out from Polygon’s official address on the 16th, 67% has flowed into CEX
On November 28th, according to Yu Jin monitoring, Polygon: Ecosystem Growth distributed 217 million MATIC (approximately USD 199 million) to 70 addresses on November 16th, and as of now, 67% (145 million) has entered CEX.At the same time, the price of MATIC fell from USD 0.93 to USD 0.73, a decrease of 21%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy wipes $30B in biggest 4-day drop amid Bitcoin correction
Ethereum Targetting $6000 While ETH Whales Accumulate These 2 Altcoins With 50x Potential
On-Chain Data Suggests Emerging Altcoin Could Surpass Cardano (ADA) and Shiba Inu (SHIB) Trajectory
A smart money address bought UBC with 40 SOL yesterday and now has a floating profit of $990,000