Crypto NewsAltcoinAttention: This Altcoin Is Being Sent To Binance And Coinbase By The...

Attention: This Altcoin Is Being Sent To Binance And Coinbase By The Giant Institutional Whale During The Drop!

According to the latest on-chain data, a giant cryptocurrency whale is piling these tokens on exchanges during the massive altcoin crash.

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According to 0xScope, over 22.52 million MATICs have been transferred from Jump Trading-controlled Robinhood in the last 24 hours, of which 19.22 million Polygon (MATIC) have passed through Cumberland and B2C2 and are finally deposited into Binance and Coinbase.

Currently, the Robinhood address held by Jump has only 87,380 MATIC.

For MATIC, it was decided to be delisted by Robinhood, a popular cryptocurrency exchange service provider in the US, following the SEC’s statement that this token is a security.

At the time of this writing, the MATIC altcoin price is trading at $0.5928 and has dropped 23.48% in the last 24 hours.

CoinMarketCap chart showing the recent drop in MATIC price.

While the SEC did not explicitly specify which tokens are not considered securities, it has stated that Bitcoin and Ether are not.

All altcoins declared as securities in recent lawsuits against Binance and Coinbase were as follows:

SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, NEXO, BNB, ATOM, MANA, ALGO and COTI.

We previously listed all altcoins listed as securities by the SEC as Bitcoinsistemi.com. You can find this article below.

What Altcoins Has the SEC Declared Securities So Far? We've Lined Up 61 of them!

*Not investment advice.



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