Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Polygon Permanently Burns 100 Million Tokens

Guavy AI Editorial Team
Instruments
MATIC POL
Share

Polygon Foundation CEO Sandeep Nailwal announced that 100 million Polygon (POL) tokens have been permanently burned. This move reduces the total supply of POL by about 1%.

The amount of tokens burned, approximately one out of every 100 in total supply, represents a significant reduction in the circulating supply of POL.

Nailwal's statement on September 24 provides clarity on the burn process, which is an important aspect of Polygon's overall strategy for managing its token economy.

More on Crypto

Crypto just now

Sequans Dumps Remaining 314 BTC, Ends Accumulation Strategy

Crypto just now

Strategy Resumes Large Bitcoin Purchases Amid Preferred Share Buyback

Crypto just now

Bitcoin Surges Past Production Cost, Easing Miner Selling Pressure

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy