Polygon surges over 100%
The surge coincides with notable moves by prominent Polygon investor Alameda Research in November. The company transferred 2 million POL tokens (worth roughly $927,000) to Binance. In total, Alameda has transferred 4.5 million POL tokens over the past few days.
Despite these large transfers, which are often seen as potential sell signals, POL’s price has continued to rise, reflecting demand for the coin.
The token is trading near its all-time high of $0.6039 with the current price just 0.26% below this milestone. The resilience of POL’s price even amidst large transfers by Alameda Research underscores the growing confidence in the Polygon ecosystem. Investors are closely watching POL’s performance, taking into account both its upward momentum and the strategic moves of key stakeholders like Alameda.
As the market cap continues to climb, all eyes remain on how these developments shape its trajectory Future