One of Polygon’s (MATIC) early investors sold 4 million MATICs that he bought 2.5 years ago today, with 64 times the profit. The investor, whose identity is unknown due to the anonymity of cryptocurrencies, had purchased each of the MATICs in question for $0.02, according to blockchain records.
An investment of 80 thousand dollars was 5 million 200 thousand dollars
The related investor invested 80 thousand dollars in MATIC through Binance at that time. It has continued to hold the MATICs it received in the transaction that took place in September 2020. He evaluated 4 million MATICs in staking and thus added approximately 500 thousand more MATICs. 4 million 500 thousand MATIC were sold at an average price of $ 1.14. An investment of 80 thousand dollars brought 5 million 200 thousand dollars.
A $MATIC early holder sold 4,553,023 $MATIC for 5,200,081 $DAI at an average price of $1.14 today.
The $MATIC holder received 4M $MATIC from #Binance when the price is $0.02.https://t.co/t1yM9Qergc pic.twitter.com/glPeg3KMja
— Lookonchain (@lookonchain) January 28, 2023
Had he sold at the top he would have gotten $13 million
MATIC saw its highest level in December of 2021. The coin rose as high as $2.92 at that time. If the sale of 4 million 500 thousand MATIC had been made at the peak, it would have brought a profit of 13 million dollars.
Polygon, which went to a major hard fork a few weeks ago and where performance and security improvements were made, attracted attention with the projects transitioning from Solana and Terra. yOOts, deGods, Lunaverse, Derby Stars were some of them.
Leave a Reply