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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,653.84
    ethereum
    Ethereum (ETH) $ 3,022.31
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 378.98
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.54589
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.085961
    cardano
    Cardano (ADA) $ 0.594971
    solana
    Solana (SOL) $ 103.17
    matic-network
    Polygon (MATIC) $ 0.978632
    polkadot
    Polkadot (DOT) $ 7.74
    tron
    TRON (TRX) $ 0.137833

    Institutional Buyers That Obtained This Altcoin 10 Days In the past Began Transferring It To Central Exchanges

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    In a major improvement, 5 addresses deposited 21,683,871 MATIC price $16.09 million to cryptocurrency trade Binance by way of GSR Markets within the final two hours.

    Apparently, these MATIC tokens originated from a distribution by Polygon Ecosystem Progress simply 9 days in the past.

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    On November 16, a number of personal traders acquired MATIC from Polygon Ecosystem Progress. Since then, 41 out of 70 addresses have deposited a complete of 125.6 million MATIC ($109 million), representing 57.8% of the distribution, to varied platforms comparable to Binance, Coinbase, OKX, Bitfinex and Galaxy Digital OTC.

    FTX and Alameda addresses had additionally deposited 22.6 million MATIC ($17.2 million) to Coinbase and FalconX simply 4 days earlier, on November 21, 2023.

    The full worth of MATIC tokens distributed to non-public traders on November 16 was $197 million, of which a complete of $109 million has been despatched to centralized exchanges up to now. In MATIC tokenomics, it’s seen that 23.33% of the entire provide is deliberate to be transferred to the ecosystem fund.

    At its preliminary launch, MATIC’s most provide was set at 10 billion tokens.

    *This isn’t funding recommendation.

    See also  Bitcoin Vs. Ethereum: Dealer Who Navigated Could 2021 Crash Predicts The Winner
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