According to Spot On Chain, Republic Capital, one of the investors in Polygon's $450 million private funding round in early 2021, transferred 24.5 million $MATIC tokens worth $27.2 million to Coinbase.
The tokens were received from Polygon Ecosystem Growth on January 18 as part of the vesting process and were transferred at a value of $1.11 per token, higher than the acquisition price of $0.97.
Wallet address: 0xc865a52c3894025e0070b180b0e6e4e4731ee799
#RepublicCapital just moved 24.5M $MATIC at $1.11 (~$27.2M) to #Coinbase 6hrs ago.
— Spot On Chain ✨ (@spotonchain) March 17, 2023
They received this from #Polygon Ecosystem Growth on Jan 18 at $0.97 as part of the vesting process.
Republic Capital is among investors in Polygon’s $450M private funding round early last year. pic.twitter.com/6ozBdow2M7
All Comments