Ethereum

April

Foundation

Polygon

Spot

<ul class="wp-block-list news-points">
 <li>Polygon Foundation has moved 15.49 million MATIC ($8.1 million) to Binance in 5 days.</li>
 <li>The entity’s MATIC holding came from a contract in April 2023, Spot On Chain said.</li>
 <li>Polygon Foundation still has 13 million MATIC ($6.78 million) left staked.</li>
</ul>
The Polygon Foundation, the group behind the Ethereum scaling network Polygon (MATIC), has transferred a whopping $8.1 million in MATIC tokens (16.49 million MATIC) to Binance, the world’s largest crypto exchange, over the past five days. The wallet still holds a substantial 13 million MATIC.
As per the <a href="https://t.co/rccBqAgqRf" target="_blank" rel="noopener noreferrer nofollow">data</a> from Spot On Chain, the Polygon Foundation’s wallet is currently staking 13 million MATIC tokens, valued at $6.78 million. It’s worth noting that all of the entity’s MATIC came from a contract in April 2023 when the price was $1.1. At the time of writing, a single token is priced at $0.5227, down 2.3% in the past 24 hours, according to CoinMarketCap data.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A wallet linked to <a href="https://twitter.com/0xPolygonFdn?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@0xPolygonFdn</a> deposited 15.49M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> ($8.1M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 5 days! Currently, the wallet still has 13M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> ($6.78M) under staking. All of the wallet's <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> originally came from the Polygon Foundation contract in April 2023,…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/8m-in-matic-moved-by-polygon-foundation-as-pol-migration-nears/" rel="noopener noreferrer nofollow">$8M in MATIC Moved by Polygon Foundation As POL Migration Nears</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

$8M in MATIC Moved by Polygon Foundation As POL Migration Nears

Coin Edition

Other articles published on Aug 26, 2024

What Drives Chainlink’s Recent Price Surge?

Arbitrum DAO Passes Major Proposal to Boost ARB Token With Staking

Major Token Unlocks for WLD, YGG, and SUI Set to Impact Market

UK's Financial Conduct Authority Tightens New Crypto Platform

EURC on Base and Coinbase: Zero-Fee Euro Transfers

Panic over Telegram’s Pavel Durov’s arrest: $DOGS team assure of launch today

Join our free newsletter for daily crypto updates!