- Oxscope tweeted {that a} whopping 22.52 MATICs have been moved from Robinhood addresses.
- 19.22 million MATIC was transferred to Cumberland and B2C2, finally reaching Binance and Coinbase.
- MATIC was moved as a part of the token delisting following an SEC lawsuit.
MATIC, lately deemed a safety token, witnessed a large-scale transaction from American monetary providers agency Robinhood Markets, in line with the newest evaluation. The Web3 data graph protocol OxScope revealed that within the final 24 hours, 22.52 million MATICs have been transferred from Soar-owned Robinhood addresses.
On June tenth, OxScope took to Twitter to spotlight a considerable transaction of MATIC, the native token of blockchain platform Polygon.
Not too long ago, the Securities and Change Fee (SEC) filed a lawsuit towards main cryptocurrency platform Binance and its CEO Changpeng Zhao on 13 counts. Within the lawsuit, the regulator talked about a number of crypto tokens added to the checklist of “unregistered securities” together with BNB, MATIC, ADA, SOL, SAND and others.
Following the lawsuit, Robinhood determined to delist ADA, MATIC, and SOL, the lately deemed securities through which the platform has main management. Cryptocurrency analyst Fabian.D reveals that Robinhood owns $170 million in SOL, $25 million in ADA and $163 million in MATIC, making up a complete of $583 million I am right here.
Reflecting on the info Oxscope shared, Chinese language reporter Colin Wu tweeted:
Wu referred to Oxscope’s tweet, saying that out of the whole 22.52 million MATIC that was transferred, 19.22 million MATIC was transferred to cryptocurrency platforms Cumberland and B2C2, and finally to main cryptocurrency buying and selling platforms Binance and Coinbase. identified that it had arrived OxScope additionally supplied particulars of the buying and selling addresses concerned in his huge MATIC buying and selling.
