Polygon Market Price Crashes Amid SEC’s Crypto Crackdown: How Ecoterra’s Recent $5M Funding Stirs Sustainable Crypto Movement
Join Our Telegram channel to stay up to date on breaking news coverage Polygon (MATIC) price has plunged almost 50% since the beginning of the year and 40% from its monthly high of $0.955. The downtrend has seen MATIC revisit levels last seen during the May crisis when the Terra ecosystem collapsed. The decline in the market price for Polygon comes in the wake of actions by the United States Securities and Exchange Commission (SEC). As reported, the financial markets regulator recently labeled MATIC, among other tokens, a security. They include Solana (SOL), Cardano (ADA), and Decentraland (MANA). MATIC (@0xPolygonLabs) A major part of the web3 ecosystem, MATIC is now considered a security by the SEC. Information disseminated by Polygon has led MATIC holders to expect profit from Polygon’s efforts, says the commission. — nft now (@nftnow) June 6, 2023 The move sent a chill across exchanges, inspiring the decision to delist the tokens. For Polygon’s case, ...