One uninformed guess about MATIC:
a) Markets weren't super liquid to begin with--prob wouldn't take _that_ much selling to have significant impact
b) Very likely a few people sold a bunch
c) Could be seed investors or 'advisers' if not 'foundation'
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blog.matic.network/foundation-tok
Looks like if it was the foundation, it was selling off ~$10m pre-crash of MATIC. That might have been enough.
Alternately could have been investors/partners/etc.
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There are probably a handful of people with that amount of MATIC--but I don't know who they are :P
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Most probably Matic Foundation transfer to Binance, panic some whales/bag holders. Before Matic team slowly clear buy order whale pushed market sell order.
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Alas one of two things is true:
a) I have only uniformed guesses
b) I have informed guesses but can't divulge private information
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