Sunday, December 5, 2021
HomeNewsMATIC Jumps 21% In Response To Staking Announcement On Testnet

MATIC Jumps 21% In Response To Staking Announcement On Testnet

For most of last year, Matic performed quite well and was on a steady rise. This rise eventually dropped in December 2019, when it lost about half of its price. This happened shortly after about 2.5% of the total Matic supply, roughly 248 million tokens, was unlocked. Stories filled the crypto grapevine that the Matic Foundation planned to burn 15%, which was supposedly the beginning of the company’s plan to exit the market.

Matic’s fourth token sale was announced in April last year, to take place on the Binance Launchpad platform. It was announced that Binance will sell 1.9 billion tokens which at the time, was 19% of the total supply.

Image Credits: Pixabay

RELATED ARTICLES

Most Popular