Famous billionaire Mark Cuban, known for his support for Bitcoin (BTC) and cryptocurrencies, deposited some of his Polygons in his portfolio to Coinbase.
This transfer of Mark Cuban took place after Polygon rose by approximately 10% and reached $ 0.92.
On-chain data platform Spot On Chain said that a wallet belonging to the famous American billionaire Mark Cuban received 2.82 million MATIC tokens worth $2.56 million from the Polygon PoS Staking address and deposited them to Coinbase on the same day without staking.
“American billionaire Mark Cuban deposited 2.82 million MATIC ($2.56 million worth, at $0.91 price) to Coinbase about 6 hours ago.”
Spot on Chain also stated that Mark Cuban received 2.5 million MATIC tokens from Polygon Ecosystem Growth on May 24, 2021 and staked them to earn more MATIC.
After the MATIC transfer, the famous billionaire has WETH, ETH, ILV, BNB and a small amount of MATIC tokens in his wallet.
There was a 5% decline after the transfer of Mark Cuban. MATIC, which dropped to $0.85 during this withdrawal phase, continues to trade at $0.88 at the time of writing.
🚨 American billionaire Mark Cuban (@mcuban) unstaked and deposited 2.82M $MATIC ($2.56M, price: $0.91) to #Coinbase ~6hrs ago.
Notably, he received 2.5M $MATIC (then $4.25M) from the #Polygon Ecosystem Growth on May 24, 2021, and then staked them to earn more $MATIC.
👉 More… pic.twitter.com/vwQiJZkN3O
— Spot On Chain (@spotonchain) December 26, 2023
*This is not investment advice.
