Cardano, Solana, and Polygon Experience Major Drops Amidst Robinhood Delisting

The first day of the weekend saw leading crypto assets Cardano (ADA), Solana (SOL), and Polygon (MATIC) undergo a bloodbath, dropping over 20%. The intensive selling pressure on these altcoins followed the U.S. Securities and Exchange Commission (SEC) classifying these three altcoins as securities in their lawsuit against Binance. This led the popular trading platform, Robinhood, to announce the delisting of these three altcoins. This move caused fear among altcoin investors, leading to speculation that more crypto exchanges and trading platforms could take similar actions. Robinhood Delisting ADA, SOL, and MATIC Cryptocurrency and stock trading platform, Robinhood, announced on June 9th that it would delist ADA, SOL, and MATIC starting from June 27th, restricting user trading. Robinhood’s chief legal officer, Dan Gallagher, stated after the SEC lawsuit they had reviewed the listed cryptocurrencies. “Based on our latest review, we decided to end our support for Cardano, Polygon, and Solana on […] The post Cardano, Solana, and Polygon Experience Major Drops Amidst Robinhood Delisting appeared first on COINTURK NEWS.