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Whales and Institutions Dumping MATIC Tokens, Robinhood-Linked Whale Deposits 9.4 Million Tokens on Exchanges

Whales and institutions have been transferring significant amounts of MATIC tokens, leading to concerns of a coordinated sell-off. A whale associated with Robinhood, Jump Trading, and Cumberland has deposited 9.4 million MATIC tokens on various exchanges, coinciding with a 29% price drop. The delisting of altcoins by Robinhood, following regulatory concerns, has also contributed to the volatility of MATIC and other tokens. The future trajectory of these altcoins remains uncertain.

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