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Republic Capital Transfers $27.2M Worth of MATIC to Coinbase

Cointime Official

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

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