Massive MATIC migration from Robinhood to Coinbase and Binance

• OxScope tweeted {that a} whopping 22.52 MATIC was transferred from Robinhood’s tackle.
• 19.22 million MATIC was transferred to Cumberland and B2C2 and finally reached Binance and Coinbase.
• MATIC was moved as a part of the token delisting following the SEC lawsuit.

In response to the most recent evaluation, the not too long ago acknowledged safety token MATIC has seen enormous trades by the American monetary companies firm Robinhood Markets. Web3’s information graph protocol OxScope revealed that 22.52 million shares have been transferred from Leap’s Robinhood tackle prior to now 24 hours.

June 10 OxScope has introduced a big transaction of MATIC, the native token of blockchain platform Polygon, on Twitter:

The Securities and Trade Fee (SEC) not too long ago filed a lawsuit towards main cryptocurrency platform Binance and its CEO Changpeng Zhao, charging them with 13 costs. Within the lawsuit, the regulator cited a number of crypto tokens that have been moreover included within the listing of “unregistered securities,” together with BNB, MATIC, ADA, SOL, SAND, and others.

Following the lawsuit, Robinhood determined to delist ADA, MATIC, and SOL, the newest securities that the platform owns in substance. In response to the revelations of crypto analyst Fabian.D, Robinhood manages 170 million. USD SOL, 25 mln. USD ADA and 163 million USD MATIC, which makes a complete of 583 mln. USD.

In response to the information shared by OxScope, Chinese language reporter Collin Wu tweeted:

Wu, referring to OxScope’s message, mentioned that of the 22.52 million transferred to MATIC, 19.22 million MATIC was ported to cryptocurrency platforms Cumberland and B2C2, which finally reached main cryptocurrency buying and selling platforms Binance and Coinbase. OxScope additionally supplied particulars of the transaction tackle that was concerned within the huge quantity of MATIC.