#2024WithBinance Polygon’s native token, POL, has experienced a significant price surge recently, reaching a four-month high of $0.61. This increase is attributed to several factors, including a 190% rise in daily transaction volumes and substantial accumulation by large investors, who have added over 140 million POL tokens (approximately $80 million) to their holdings. 
However, it’s important to approach this surge with caution. Despite the positive momentum, only 15.11% of current POL holders are in profit, indicating that many investors purchased at higher prices during previous cycles. This scenario could lead to reduced selling pressure, but it also suggests that the current rally might be influenced by speculative trading rather than fundamental growth. 
While the recent developments in the Polygon ecosystem are promising, the rapid price increase raises questions about its sustainability. Investors should remain vigilant and consider the underlying factors driving this growth to make informed decisions.
Note: This is not financial advice. Please conduct thorough research before making any investment decisions.