Polygon Surges 9% Before Selling Pressure Stabilizes Price
Polygon (POL) Update
- POL rose 9% in early U.S. trading hours, from $0.206 to $0.225, before experiencing a sell-off.
- Trading volume surged to 708,489 and 804,401 units, exceeding the 24-hour average of 410,606.
- Current trading price is $0.221, reflecting a 3% increase over the past 24 hours.
- POL outperformed the CoinDesk 20 Index, which declined by 2.4% during the same period.
- Token is down over 90% from its all-time high of $2.92 in December 2021.
- Polygon is focusing on scaling AggLayer, enhancing blockchain connectivity and payment tools.
- Sandeep Nailwal, appointed CEO in June, aims to strengthen Polygon's competitive strategy.