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Polygon Climbs Nearly 20% After Unveiling New Strategic Framework
Yahoo Finance· 2026-01-09 17:53
Group 1 - Polygon's POL token is experiencing a significant price surge, trading at $0.1558, up 16.59% in the last 24 hours, with a trading volume of nearly $312 million, an increase of 167% overnight [1][2] - The price movement is attributed to a strategic shift towards an "Open Money Stack," a modular platform for seamless cross-chain transactions between fiat and cryptocurrencies [3] - Polygon is rumored to be close to acquiring cryptocurrency ATM operator Coinme for between $100 million and $125 million, which could enhance its service offerings [4][5] Group 2 - The recent rally in POL's price is supported by record high burn rates, with approximately one million POL burned daily, leading to an expected 3.5% of the total supply being burned in 2026, making the token "massively deflationary" [6]
X @Polygon
Polygon· 2025-11-07 20:37
Market Trend - OpenSea welcomes Polygon ($POL) with a new custom token page [1] - OpenSea highlights the fast movement of money on its platform [1] Token Information - $POL token now has a dedicated custom page on OpenSea [1]