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 million year-to-date, driven by strong protocol fees and growing traction in stablecoin payments. The burn is expected to remove about 1% of POL's circulating supply, with manual quarterly burns planned thereafter. POL's price surged 10% on the news, though recent whale sell-offs could limit further gains in the short term.
Polygon's market cap stands at Rp19,98 trillion as of September 20, 2026, 01:21 WIB, with a circulating supply of 10.7 billion POL tokens. The token's price on Pluang is Rp1.833, showing a modest 1.16% increase in the last 24 hours, while trading volume reached Rp3.04 trillion. Pluang users currently favor buying POL with a 61% buy order activity, and typical holders keep their tokens for about 75 days, indicating steady interest despite recent whale sell-offs mentioned in the news.
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...
Polygon plans to launch a permissionless contract allowing anyone to burn 100 million POL tokens from its 121 million token fee collector, significantly reducing token supply by about 1%. This move aims to make token burning decentralized and deepen ...
A Cumberland-linked wallet withdrew 14.6 million Polygon (POL) tokens worth $1.41 million from major exchanges, reducing supply on order books. Despite this, Polygon faces intense selling pressure from institutions and individuals, with increased tok...
