The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in
crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.
This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.
Source: TheCoinRepublicToday matic have been in lower price and not trusted with this altcoin again, I am lucky because I have sell with higher price and not interested for buy back because price looks very down and not profit again for investing with Matic, I think this coin become most failed after list with IEO although on bigger exchange like binance and have lower price after listing.
Im not sure when you are saying today because of the speculators are still betting on matic to do another recover again. we will see what will be happening if there will be another false dump again from the team. People must learn from what they have seen from the market. If they are not learning from the past experience and what makes them wanna learn again about that just waiting for the next dump. The team is actively sending the tokens to the market.
It will be the next fail token but not for this time. The team needs to dump more and more tokens before they can buy lambos.
this scheme just like a ponzi.