Republic Capital

On April 5th, it was announced that the DeFi agreement, Nibiru Chain, had completed a seed round financing of $8.5 million with a valuation of $100 million, led by Tribe Capital, R

On March 17th, according to Spot On Chain data monitoring, Republic Capital transferred 24.5 million MATICs (approximately US $27.2 million) to Coinbase, and the price of the MATIC when transferring to Coinbase was US $1.11. Republic Capital was one of the investors in Polygon’s $450 million private equity financing early last year and received the asset from Polygon Ecosystem Growth on January 18, 2023 as part of the asset ownership. Republic Capital transferred 24.5 million MATICs into Coinbase, approximately $27.2 million Analysis based on this information:According to the Spot On Chain data monitoring, Republic Capital has transferred 24.5 million MATICs, approximately worth US$27.2 million to Coinbase on March 17th. This transfer came from Republic Capital’s crypto asset ownership received from Polygon Ecosystem Growth. Republic Capital was one of the early investors in Polygon’s $450 million private equity financing last year. MATIC is the native token of Polygon, a layer-two protocol that aims to solve the scalability and interoperability issues faced…