Express

Matic Falsely Claims That Tweet Lead To Massive Drop

Roland James

Summary: Matic, the digital coin from the blockchain scalability project Matic Network, saw a massive drop of around 70% in less than 35 minutes on Dec. 9. Matic Network stated in a blog post on Tuesday that a misleading tweet from evaluation platform Validity Crypto founder Samuel Gosling lead to the drop from $0.042 to $0.013. ...

Matic, the digital coin from the blockchain scalability project Matic Network, saw a massive drop of around 70% in less than 35 minutes on Dec. 9.

Matic Network stated in a blog post on Tuesday that a misleading tweet from evaluation platform Validity Crypto founder Samuel Gosling lead to the drop from $0.042 to $0.013. However, this seems to be untrue as the coin’s drop occurred hours before the tweet. despite the innaccuracy of Gosling's tweet it couldn't have been behind the drop.

By Roland James

Last Update:

Tags: ,,,
Link: Matic Falsely Claims That Tweet Lead To Massive Drop   [Copy]
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 11 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 16 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025
  • You need to login to comment.