CandleFocus Alameda Research Moves Millions in Polygon (POL) Tokens: Is a Sell-Off Coming?
2024-11-23
Author: Content Editor
Crypto investment firm Alameda Research has moved 2 million POL tokens, valued at approximately $927,000, to Binance, sparking concerns of a sell-off among investors. This comes as Polygon's (POL) price surged by 35% this week. Alameda has a history of conducting token dumps, causing significant market fluctuations. However, the transfers may be related to the firm's efforts to repay creditors. Despite the large transfers, Polygon's price has been climbing, trading above $0.54 and showing potential for further gains if it breaks through resistance levels.
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