Polygon Crypto Whales Trigger Frenzy with 59M POL Accumulation
Author: Content Editor
Polygon crypto has experienced a surge in whale activity, with over 59 million POL tokens bought in the last 48 hours. This indicates growing confidence in the Polygon network and suggests strong institutional interest, potentially driving up the price of POL in the coming days. Additionally, the Total Value Locked (TVL) on the Polygon ecosystem has rebounded, surpassing $1 billion and indicating renewed interest and capital flow into the network. However, the price of Polygon crypto is currently consolidating between $0.54 and $0.56, with the Alligator indicator showing a lack of directional momentum. Traders should watch for a potential breakout above $0.56 or a drop below $0.54. The market sentiment is overall bullish, with positive funding rates. However, extreme spike periods in funding rates could indicate a correction and a reversal in the longer-term bullish trend.