Polygon Denies Claims of Substantial MATIC Token Transfer to Binance!

Creator: Mustafa Mulla Sep 7, 2023 16:00

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Polygon, a scaling resolution for Ethereum, denies making a considerable switch of MATIC tokens to Binance, regardless of Nansen, an on-chain analytics device, claiming in any other case. Lookonchain, one other analytics platform, reported that the transaction raised liquidity considerations. Polygon assured customers its community’s integrity remained intact, however the controversy has prompted questioning of the accuracy of on-chain analytics instruments. The dispute has the potential to shift market dynamics as traders look ahead to a decision.