Polygon burns 107M tokens in 2026 despite price drop below $0.07 amid strong network use.

Polygon's network activity and fundamentals remain strong in 2026, with over 107 million POL tokens burned, making it net deflationary despite minting 105 million tokens. The network led stablecoin payment volume in May with 198 million and saw increased whale staking and activity, signaling confidence. However, POL price has declined over 1% recently, trading near $0.06948 after breaking support at $0.07161, due to technical selling pressure since late 2024. The price stalls amid strong fundamentals, indicating a potential upcoming breakout from a consolidation pattern.