21Shares pulls $11M in POL over 30 days as Polygon reclaims $0.09
- —21Shares withdrew 45.7M POL worth $4.08M from Coinbase on Oct. 28
- —Total POL withdrawals over the past 30 days reached $11M
- —The 21Shares Polygon ETP is down 94% since inception
- —POL rose 2.6% to $0.092 with $30M in 24-hour buy volume
Why it matters: Tokens pulled for ETP backing reduce exchange supply, but weak demand for the product itself caps the upside for POL.
Source: AMBCrypto