Neutral
Polygon burns 100 million POL tokens, reducing supply by 1%
In the past 24 hours, Polygon has permanently burned 100 million POL tokens, representing approximately 1% of its total supply. This burn was executed using funds accumulated from network transaction fees. Despite this reduction, POL's price has experienced a 6.46% decline over the past day, trading at $0.1014.
Key points
- Polygon burns 100 million POL tokens, reducing supply by 1%.
- POL's price declines by 6.46% over the past day, trading at $0.1014.
Sources
AI-generated from public news sources. Not financial advice.
