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Cumberland wallet withdraws $1.41M Polygon tokens amid rising sell pressure risking price drop below $0.09

Market News
14 Sep 2026
AMBCrypto
View Source
Bearish
Cumberland wallet withdraws $1.41M Polygon tokens amid rising sell pressure risking price drop below $0.09

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 token inflows to exchanges and rising trading volumes signaling heightened market activity. Technical indicators suggest weakening upside momentum and strong downside risk, potentially pushing POL below $0.09 unless selling pressure eases. Currently, Polygon trades around $0.095 with volatile market conditions.

Polygon's market cap on Pluang stands at Rp18.31 trillion as of Sep 15, 2026 09:11 WIB, with a 24-hour trading volume of Rp1.67 trillion highlighting active market participation. Despite the article's note of Polygon trading near $0.095, on Pluang the token price is Rp1,720, showing a 1-day gain of 2.20%. Pluang users show strong buying interest with 83% of order activity on the buy side and a typical hold time of 74 days, indicating a relatively patient investor base amid the reported volatility.

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