Over the past 16 hours, #Cumberland has deposited 9M $MATIC ($6.3M) into #Binance and 5M $MATIC ($3.5M) into #Coinbase.

A total of 14M $MATIC ($9.8M) was deposited to exchanges.

And the price of $MATIC dropped by ~29%.

https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0?a=0xad6eaa735d9df3d7696fd03984379dae02ed8862

Another whale related to #Robinhood, Jump Trading, and #Cumberland deposited 9.4M $MATIC to exchanges in the past 15 hours.

Seems like whales/institutions are dumping $MATIC!

https://etherscan.io/address/0x2efb50e952580f4ff32d8d2122853432bbf2e204#tokentxns