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.
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.
*Not investment advice.