Polygon's native token, POL, surged 15% following the announcement that it has been added to Binance's platforms. This marks the completion of the token's upgrade and rebrand from MATIC. The token reached a high of nearly $0.45, its highest price since late August. Despite a slight retracement, POL is still up 15% in the past 24 hours, outperforming Bitcoin. The transition to POL also introduced changes in tokenomics, including a new token emission rate of 2% annually. The new ticker symbol may have influenced the price action, offering a fresh chart for technical analysis.
- Content Editor ( coindesk.com )
- 2024-09-13
Polygon's POL (MATIC) Token Spikes 15% on Binance Listing