Millions of Polygon (MATIC) Tokens Moved Before 30% Crash; Why?

The post Millions of Polygon (MATIC) Tokens Moved Before 30% Crash; Why? appeared first on Coinpedia Fintech News

Blockchain data reveals that significant market makers, Jump Trading and Cumberland, transferred millions of Polygon (MATIC) to cryptocurrency exchanges on Friday, just before experiencing an almost 30% slump. Cumberland deposited 9 million MATIC, valued at up to $6.3 million, to Binance, and 5 million MATIC, worth $3.5 million, as reported by Coinbase. The company also disclosed that another cryptocurrency wallet connected to Cumberland, Jump Trading, and Robinhood contributed a total of $9.4 million to cryptocurrency exchanges.