If anyone knows matic network, it is one of the top cryptocurrencies on Coinmarketcap.com (CMC).
Aftermath of the allegation made by @xGozzy on twitter appeared to be what is to be termed false misrepresentation hence false allegation.
Dude didn't do his homework well. After causing panic, he tendered public apology for his devastating and damaging action neglecting the consequence of his low knowledge on the Matic project. The full story can be found here
https://medium.com/matic-network/foundation-token-movement-accounting-f4bd9104eab2 Matic network is a good project as it solves the big issue facing Ethereum network which is Scalability. Different projects has been building and moving on to matic such as Betbull protocol, Battleracer etc. with this, I believe the project will see adoption and will bounce back to top 10 sooner.
Also, there has been other theories for the sudden fall of which was said to be the direct fault of Binance as it not only affect Matic but other projects too. It might also mean the act of whales to bag more Matic token as many have well regretted missing out of buying more of the matic token while it was cheap.