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Polkadot Surges Past $1.24 as Short Squeeze and Tokenomics Overhaul Fuel Rally

Guavy AI Editorial Team
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BTC ETH DOT
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Polkadot's DOT token has staged a significant breakout over the past few days, climbing more than 25% in three days and reaching $1.24 on September 8, 2026.

The rally has been driven by a combination of factors: a short squeeze that forced bearish derivatives traders to unwind positions, increased trading volume, changes to Polkadot's tokenomics, and renewed interest in older altcoins as Bitcoin and Ethereum stagnate.

Trading volume surged to $377.63 million, representing roughly 18% of Polkadot's $2.09 billion market capitalization, according to data cited by BSCN.

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