Polygon permanently burned 100 million POL tokens, about 1% of its total supply, on September 23. This burn removed tokens accumulated from network fees, aiming to reduce supply and potentially increase token scarcity. Since the burn, POL's price has risen nearly 12% to around $0.113 but faces resistance near $0.115. Holding above $0.11 is crucial for further gains, with $0.12 as the next target if resistance is overcome. The burn also introduces a community-driven mechanism for future fee-funded burns, linking supply reduction to network activity.
Polygon's token POL is currently trading at Rp2.104 on Pluang, showing a strong 8.57% increase in the last day. The market cap stands at Rp22.55 trillion with active trading volume of Rp3.31 trillion. As of Sep 26, 2026 10:41 WIB, buyers dominate with 58% of order activity, and typical holders keep their position for about 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 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 Sand...
