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 Polygon's deflationary trend, as the token has been deflationary since January 2026. The initial burn will remove roughly 83% of the tokens held by the fee collector, with future burns possible quarterly. The contract is currently in testing and awaits final approval before mainnet deployment.
Polygon's POL token is trading at Rp1.920 with a strong 9.90% gain on Pluang as of Sep 19, 2026 03:52 WIB, reflecting heightened market interest possibly linked to the upcoming permissionless burn initiative. The token's market cap stands at Rp20.51 trillion, supported by a 24-hour trading volume of Rp2.94 trillion. Despite the positive price movement, Pluang order activity shows a majority of 62% Sell orders, indicating mixed sentiment among traders at this time.
