MATIC is currently facing increased uncertainty as it has been officially classified as a security by the US Securities and Exchange Commission, as revealed in the recent filing against Binance. Consequently, the Polygon blockchain token experienced a significant drop of 31% within a week, setting a new record. However, there is some positive news as it has managed to recover, witnessing a promising rebound of over 11% in the last 24 hours. Related Reading: Bleak Dogecoin (DOGE) Social Sentiment Raises Questions About Price Reversal Source: Coingecko L2 coins will be the next bullrun coins. Already knew, already confirmed.$SOL $ADA $MATIC and others L1’s got the security stamp. Regulation will kick hard = tight choice of L1/L2 coins. Where will all this money flow to? pic.twitter.com/jw5xpLRA4j — Zoomer Oracle (@ZoomerOracle) June 5, 2023 MATIC is one of the 13 tokens within the Binance lawsuit to be designated as a security. Polygon Labs, the developer of MATIC, issued a statement on Twitter defending Polygon saying that the network is “developed outside the US, deployed outside the US, and fo ..
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