The address starting with 0x57f deposits 9 million MATIC to Binance

According to Spot On Chain monitoring, a wallet starting with 0x57f (linked to the Polygon Foundation) deposited 9 million MATIC tokens (worth 7.75 million USD) into Binance 11 hours ago. Overall, in the past 5 days, two wallets associated with the Polygon Foundation have deposited a total of 15.5 million MATIC tokens (worth 13.2 million USD) into Binance at a price of approximately 0.85 USD per token. After each deposit, the price of MATIC has slightly decreased.

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