POL Rises 4.78% to $0.106 on Plans to Burn 122M Tokens
- —POL rose 4.78% to $0.1064514 from a prior close of $0.1043706
- —Daily volume of $121.66 million was 13.26% below the 30-day average
- —A burn of 100 million POL plus another 22 million tokens is planned
- —RSI at 51.9 with bearish MACD; token sits 90.79% below its all-time high
Why it matters: The burn would cut POL supply, but without volume confirmation the rally may prove to be a short-term bounce.
Source: DiarioBitcoin