Polygon Labs completed its acquisition of Coinme, gaining regulated infrastructure to convert dollars to digital assets across 48 US states. Despite this strategic move to focus on payments, Polygon's native token (POL) fell about 7%, dropping from $0.102 to around $0.095. The token faced selling pressure and weak market confidence, reflected in declining futures interest and fluctuating funding rates. While the acquisition marks a significant step for Polygon's business model, the token price has yet to respond positively.
Polygon (POL) trades at Rp1,720 on Pluang as of Oct 16, 2026 10:41 WIB, showing a 1-day gain of 4.18%. Despite the recent price drop reported in USD, Pluang data shows a balanced order activity with 52% selling and 48% buying. The token's market cap stands at Rp18.24 trillion, with a typical hold time of 77 days among investors on the platform.
Polygon recently burned 100 million of its POL tokens through protocol fees, which represents about 1% of the total token supply. Additionally, another 22 million POL tokens, roughly 0.2% of the supply, are in the next stage of the burn process and a...
Polygon Foundation CEO Sandeep Nailwal announced that 22 million more Polygon (POL) tokens will be burned, representing about 0.2% of the total supply. This follows a previous burn of 100 million POL tokens, which was about 1% of the supply, and a pl...
