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<a href="https://bitcoinworld.co.in/mark-cuban-reportedly-unstaked-and-moved-matic-holdings-to-coinbase/" title="Mark Cuban Reportedly Unstaked And Moved MATIC Holdings To Coinbase" rel="noopener noreferrer nofollow"></a>
American billionaire Mark Cuban has moved to Coinbase over $2.5 million worth of MATIC he received from Polygon in 2021.
Billionaire and Shark Tank star Mark Cuban has transferred nearly 3 million MATIC worth more than $2.5 million he originally received from the Polygon Ecosystem Growth initiative to crypto exchange Coinbase, according to data from blockchain monitoring platform Spot On Chain.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> American billionaire Mark Cuban (<a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@mcuban</a>) unstaked and deposited 2.82M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MATIC</a> ($2.56M, price: $0.91) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> ~6hrs ago.
 Notably, he received 2.5M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MATIC</a> (then $4.25M) from the <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a> Ecosystem Growth on May 24, 2021, and then staked them to earn more <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MATIC</a>.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> More… <a href="https://t.co/vwQiJZkN3O" rel="noopener noreferrer nofollow">pic.twitter.com/vwQiJZkN3O</a>
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1739459327063380435?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 26, 2023</a>
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While the purpose of the transfer remains unclear, Cuban’s investment valued the assets at $4.25 million in May 2021.&nbsp;
If sold at the current market price, it would represent a potential 40% loss compared to two years ago. As of press time, Cuban made no public statements on the matter.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/vechain-soars-to-a-new-high-overtaking-cronos-in-market-cap/" aria-label="“VeChain Soars to a New High, Overtaking Cronos in Market Cap” (Edit)" rel="noopener noreferrer nofollow">VeChain Soars to a New High, Overtaking Cronos in Market Cap</a>
Mark Cuban, known as the former majority owner of the Dallas Mavericks NBA team (now minority owner), backed Polygon in May 2021, saying he was using the layer-2 solution “more and more.”&nbsp;
However, specific details about the size and composition of his investments have not been disclosed.
The latest move comes just a day after Polygon founder Mihailo Bjelic said in an <a href="https://x.com/MihailoBjelic/status/1738885493385777152?s=20" rel="noopener noreferrer nofollow">X</a> post that “for all practical purposes, Polygon can (again) be considered an underdog.”&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 For all practical purposes, Polygon can (again) be considered an underdog.
 This is where we come from; it’s where we’re comfortable and highly motivated.
 I’m excited; game on. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — Mihailo Bjelic (@MihailoBjelic) <a href="https://twitter.com/MihailoBjelic/status/1738885493385777152?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 24, 2023</a>
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As of press time, <a href="https://coinstats.app/coins/matic-network/" rel="noopener noreferrer nofollow">MATIC</a> is trading at $1.
The post <a href="https://bitcoinworld.co.in/mark-cuban-reportedly-unstaked-and-moved-matic-holdings-to-coinbase/" rel="noopener noreferrer nofollow">Mark Cuban Reportedly Unstaked And Moved MATIC Holdings To Coinbase</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Mark Cuban Reportedly Unstaked And Moved MATIC Holdings To Coinbase

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