Wallet 0xbb1 (linked to the Polygon Foundation) just deposited another 5M MATIC ($2.65M) to Binance:

• transaction: 0xe13e08f799c6c104cfd72fe6953974086c1a4851c355fa33ce2230cd600b848f
• address: 0xbb17df03eda64cef6246956fcdc173fa5ab42751

Notably:

• On April 8, 2023, 45M MATIC (then worth $49.6M) were released from the Polygon Foundation's wallet to wallet 0xbd6f1014e110ac97bb5ba7383b8f559ec1ff35fd at the price of $1.1.
• Among the 45M MATIC tokens, 17M MATIC was quickly deposited to Binance by wallet "0xbd6" at $1.083 on average ($18.4M) on April 11, 2023. The other 28M MATIC was staked with Polygon Staking and later gradually unstaked to wallet "0xbb1" (above) for CEX deposits.
• So far, wallet "0xbb1" has unstaked 16.64M MATIC and then deposited 11.165M MATIC to Binance at $0.54 on average ($6.03M), of which 10M MATIC ($5.24M) was deposited to Binance at an average price of $0.524 in the past 2 days.

Currently, wallet "0xbb1" still holds 18.49M MATIC ($9.8M), including:

• 5.49M MATIC ($2.91M) left available for depositing to CEX in the wallet;
• 13M MATIC ($6.89M) under staking with Polygon.

Fig 1. The 4 latest MATIC transactions by Wallet 0xbb1 (linked to the Polygon Foundation).

Fig 2. The MATIC deposits to CEX by Wallets 0xbd6 and 0xbb1 (linked to the Polygon Foundation).