Its false misrepresentation: Matic Network will not do that.

[bobelr]

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.

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[echointe]

I myself also totally believe the integrity of the team behind the Matic Network.

[ableh]

Although the facts behind this chaos have been revealed, but this announcement does not seem to make things back to normal. On the contrary, the price of Matic at Binance continues to free fall. But I think this is a natural thing, given the funds for the founder have been released so that whenever they can sell it, and of course this has indirectly made most traders and investors afraid to buy it back.

[bobelr]

I myself also totally believe the integrity of the team behind the Matic Network.

Yeah, have same mindset as mine. I do not believe such a project moving to the top would do that.

[bobelr]

Although the facts behind this chaos have been revealed, but this announcement does not seem to make things back to normal. On the contrary, the price of Matic at Binance continues to free fall. But I think this is a natural thing, given the funds for the founder have been released so that whenever they can sell it, and of course this has indirectly made most traders and investors afraid to buy it back.

I think its only a matter of time when it will gain people's confidence back. The market will bounce back to normal, more Dapps moving onto matic hence investors will see reason to reinstate confidence.

[Tipstar]

I would not rule out anything related to this issue. FUD of a layman won't make a huge difference.
And if someone changes their rhetoric aftermath of such an incident, it could be influenced by other factors.
Users should make a research for themselves before making any decisions.

[shinratensei_]

It's true when it comes to the matic team dumped the tokens but it's not more than 1 billion and it's around 3% - 4% from the total supply. if matic say that is the false accusation and that's wrong if matic team is only explaining if they are not dumping more than 1 billions of tokens but it's around 350 millions worth of matic tokens.

Where are the additional tokens coming from?
that looks very strange.
The majority of the companies that dumped their token will shut the fuck up until they will have done with it and then will create an announcement about that. It's a classic story.

[masterrex]

The Binance direct fault and whales manipulation theory is sounds like fiction to me. As we all know that "Matic Network" is just a new project and because of that reality, I strongly believe that the "caused" of that price fall is just an ordinary dump from its investors who "unsure" of the market outcome in 2020 or maybe those investors is just after for the profit. Because i believe that more and more investors nowadays has already learned in its experiences in 2018. if i am an investors and i see the market was continue to decline like these time i will do the same to secure my investment and earn some profit out of it to avoid losses.  

[bobelr]

I would not rule out anything related to this issue. FUD of a layman won't make a huge difference.
And if someone changes their rhetoric aftermath of such an incident, it could be influenced by other factors.
Users should make a research for themselves before making any decisions.

That's pretty cool.

[bobelr]

The Binance direct fault and whales manipulation theory is sounds like fiction to me. As we all know that "Matic Network" is just a new project and because of that reality, I strongly believe that the "caused" of that price fall is just an ordinary dump from its investors who "unsure" of the market outcome in 2020 or maybe those investors is just after for the profit. Because i believe that more and more investors nowadays has already learned in its experiences in 2018. if i am an investors and i see the market was continue to decline like these time i will do the same to secure my investment and earn some profit out of it to avoid losses.  

I have read similar handwriting like this. I would argue it as several things are not within our sights as a complimentary factor.