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.