Markets· ★★★· bullish·

Polygon's POL Jumps 12% After 100M Token Burn

  • —100M POL worth ~$10.22M burned, about 1% of total supply
  • —POL up 11.6% since the burn to around $0.113
  • —Nearest resistance at $0.115, then $0.12–$0.125
  • —Support on a pullback at $0.107–0.110, then $0.102
Why it matters: The fee-funded burn strengthens POL's deflationary narrative, but sustained demand is needed to defend the rally.
#POL
Source: AMBCrypto
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DeFi · Sep 19
Polygon Prepares to Burn 100M POL via Permissionless Contract
 DeFi · Sep 20
POL holds near $0.104 on expectations of 100M token burn
 DeFi · Sep 23
Polygon founder: 100 million POL to be burned permanently