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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

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