Polkadot Surges on Grayscale Withdrawal, Tokenomics Overhaul

Polkadot's (DOT) price surged by 6.68% after Grayscale Investments withdrew its planned Polkadot Trust ETF registration due to shifting business priorities, not regulatory rejection.

The move is supported in the near term by a bullish technical posture above key moving averages, though lingering long-term resistance and mixed momentum limit conviction.

Grayscale's decision was announced on August 7, 2026. Polkadot implemented a hard cap of 2.1 billion DOT and reduced annual token issuance by 53.6% in March 2026, driving increased developer activity and transactions.