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- OxScope tweeted {that a} whopping 22.52 MATICs had been moved from a Robinhood handle.
- 19.22 million MATICs had been transferred to Cumberland and B2C2 and eventually reached Binance and Coinbase.
- The MATICs had been moved as a part of the delisting of the token following the SEC’s lawsuit.
In keeping with the newest evaluation, the not too long ago deemed safety token MATIC has witnessed huge transactions from the American monetary providers firm Robinhood Markets. The Web3 information graph protocol OxScope revealed that 22.52 million MATICs have been transferred from a Robinhood handle owned by Bounce within the final 24 hours.
On June 10, OxScope took to Twitter to throw gentle on the substantial transaction of MATIC, the native token of the blockchain platform Polygon:
Lately, the Securities and Change Fee (SEC) filed a lawsuit towards the main crypto platform Binance and its CEO Changpeng Zhao, alleging them of 13 costs. Within the lawsuit, the regulator talked about a number of crypto tokens which were moreover added to the checklist of “unregistered securities”, together with BNB, MATIC, ADA, SOL, SAND, and extra.
Subsequent to the lawsuit, Robinhood determined to delist ADA, MATIC, and SOL, the not too long ago deemed securities on which the platform has a significant maintain. In keeping with the revelations of the crypto analyst Fabian.D, Robinhood owns $170 million in SOL, $25o million in ADA, and $163 million in MATIC, accounting for a complete of $583 million.
Reflecting on the info shared by OxScope, the Chinese language reporter Collin Wu tweeted:
Wu, referring to OxScope’s tweet, identified that out of the overall 22.52 million MATICs moved, 19.22 million MATICs had been transferred to the crypto platforms Cumberland and B2C2, which lastly reached the main crypto buying and selling platforms Binance and Coinbase. OxScope has additionally supplied the main points of the transaction handle, which has been engaged within the transaction of the whopping quantity of MATICs.