"I didn't think the crypto in Mark Cuban's wallet was small, the amount is like other ordinary people."
Mark Cuban, United States (US) billionaire and Bitcoin (BTC) investor unstaked some Polygon (MATIC) tokens and then deposited them on the Coinbase cryptocurrency exchange when the price was at $0.92.
Before the incident happened, the on-chain data platform Spot On Chain that saw Cuban's linked wallet reported that he received 2.82 million MATIC worth $2.56 million from the Polygon PoS Staking address.
Earlier on May 24, 2021, Cuban who also received 2.5 million MATIC from Polygon Ecosystem Growth was staked to acquire more of the digital asset.
String Cuban only has 16 MATIC in his wallet along with other cryptos such as Wrapped Ethereum (WETH), Ethereum (ETH), IIIuvium (ILV) and Binance Coin (BNB), his wallet currently has digital assets worth $3,340.
Cuban holdings have plunged significantly in the immediate aftermath of the Securities and Exchange Commission (SEC) lawsuit that claimed some cryptocurrencies were unregistered securities.
As such, he joined forces with Elon Musk to deliver an amicus brief to a US Supreme Court case in which they challenged the SEC to conduct internal trials without a jury.
Looking at the price chart, MATIC should break through the next resistance zone at $1.07 to continue its rise up to $1.15 followed by $1.22 but if it fails then the digital asset can slip back to $0.88 or $0.78.
As of this writing, MATIC price has surged by 15.87% to $1.04 in the last 24 hours with trading volume jumping 32% indicating an increase in trader interest, then recording a 36.67% increase over the last week.
