Polygon Foundation permanently burned 100 million POL tokens, about 1% of its total supply, completing a planned token reduction. The burn contract was made accessible for community members to trigger, reflecting a community-driven approach. CEO Sandeep Nailwal mentioned the possibility of quarterly burns, but no fixed schedule has been set. This action reduces POL's supply, potentially impacting its market dynamics, though future burns remain uncertain.
Following Polygon Foundation's token burn news, POL is trading at Rp1.807 on Pluang as of Sep 24, 2026 10:41 WIB, down 7.43% in the last day. The market cap stands at Rp19,39 trillion with a 24-hour volume of Rp3,97 trillion. Pluang users currently show a buying interest of 61%, holding their tokens on average for 75 days.
Polygon Foundation CEO Sandeep Nailwal announced that 100 million POL tokens have been permanently burned, reducing the total supply by about 1%. This burn represents one out of every 100 POL tokens in circulation, potentially impacting token scarcit...
Polygon Foundation CEO Sandeep Nailwal announced plans to permanently burn 100 million POL tokens, pending Security Council approval, to reduce supply and potentially increase token value. This move follows impressive revenue generation of $24.5 mill...
Polygon plans to permanently burn 100 million POL tokens following its network generating $24.5 million in revenue in 2026. The burn, about 1% of total POL supply, will be triggered by the community once final Security Council approval is granted. Th...
