that's right, they panicked because the matic Network Foundation sent a large number of tokens to binance, even though it was to be liquidated and based on ceo binance also said that on his twitter the matic team did nothing about the big dump. so it's likely a good opportunity to buy and it will recover
I seriously think this wasn't a case of panic sell but that of pump and dump. The pump in the last few days obviously wrote things to come on the wall but greedy traders keep getting burnt. News from their press release shows that the team dumped and frankly, this is not new in cryptocurrency. It happens in 99 percent projects. We should all deal with it