Polygon Foundation deposited 15.49M MATIC into Binance, with 13M MATIC still under staking.
The upcoming MATIC to POL migration is set to enhance Polygon’s network security and performance.
Polygon Foundation has made substantial moves in the crypto market, with one of its wallets depositing 15.49 million MATIC tokens, worth about $8.1 million, into Binance over the last few days. SpotOnChain reported on this development, which highlighted ongoing Polygon ecosystem operations.
A wallet linked to @0xPolygonFdn deposited 15.49M $MATIC ($8.1M) to #Binance in the past 5 days!
Currently, the wallet still has 13M $MATIC ($6.78M) under staking. All of the wallet’s $MATIC originally came from the Polygon Foundation contract in April 2023, when the price was… https://t.co/ydpsrnxOOI pic.twitter.com/QcVut5JKLk
— Spot On Chain (@spotonchain) August 26, 2024
Polygon Wallet Retains 13M Staked MATIC as POL Migration Approaches
Interestingly, despite this enormous deposit, the wallet still c
